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1598 Hooker Street, Denver,...

The Tekton Group Acquires 18.9K SF Multifamily Asset In Denver, CO For $10.5M
SOLDMultiFamily

The Tekton Group Acquires 18.9K SF Multifamily Asset In Denver, CO For $10.5M

1598 Hooker Street, Denver, Colorado 80204, United States

$10,500,000

$553/SF

Building Size

18,956 SF

Asset Type

MultiFamily

Closing

Oct 5, 2022

AI

The multifamily property located at 1598 Hooker Street in Denver, CO has been sold in a recent transaction. The sale was facilitated by Adam Riddle and Jason Koch from Capstone Companies, representing the buyer and seller respectively.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $10,500,000
  • Units: 24
  • Price Per Unit (PPU): $437,500
  • Square Footage (SF): 18,956
  • Price Per Square Foot (PPSF): $554

The buyer, The Tekton Group, was represented by Adam Riddle and the seller, The Mile, LLC, was represented by Jason Koch. This transaction showcases the expertise of Capstone Companies in bringing together both parties for the successful sale of the property.

Players

Adam Riddle

Capstone Companies

Broker

$15.9M

vol

3 deals

Broker

Denver MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93