NorthPeak Commercial Advisors Facilitates $6.3M Sale Of Multifamily Property In Aurora, CO
SOLD
$6,300,000
Colorado
See Similar DealsMultiFamily74 SF
Sold 01/11/2023
SOLD
NorthPeak Commercial Advisors Facilitates $6.3M Sale Of Multifamily Property In Aurora, CO
1571 Beeler Street, Aurora, Colorado 80010, United States
See Similar DealsMultiFamily74 SF
Sold 01/11/2023
Summary
COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$85,135
Total Square Footage:74 SF
Transaction Type:Sale
The multifamily property located at 1571 Beeler St and 1641 Alton St in Aurora, CO has been sold. The transaction, facilitated by NorthPeak Commercial Advisors represented by Scott Fetter, Keith Hardy, and Joe Hornstein, closed on January 11, 2023. The sale price for this property was recorded at $6,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Address: 1571 Beeler St & 1641 Alton St, Aurora, CO
- Market: Aurora, CO
- Units: 84
- Price per Unit: $75,000
- Square Footage: 74,596
- Price per Square Foot: $84
The involvement of Scott Fetter, Keith Hardy, and Joe Hornstein from NorthPeak Commercial Advisors showcases the key individuals responsible for representing the parties involved in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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