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
Denver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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