Griffis Residential Acquires Multifamily Property In Denver, CO For $115M
SOLD
$115,000,000
Colorado
See Similar DealsMultiFamily
Sold 10/11/2022
SOLD
Griffis Residential Acquires Multifamily Property In Denver, CO For $115M
2180 South Colorado Boulevard, Denver, Colorado 80222, United States
See Similar DealsMultiFamily
Sold 10/11/2022
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2180 South Colorado Blvd in Denver, CO has been sold. The property consists of 304 units and was sold for a total price of $115,000,000, resulting in an average price per unit of $378,289.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $115,000,000
- Address: 2180 South Colorado Blvd, Denver, CO
- Market: Denver, CO
- Buyer: Griffis Residential
- Seller: EverWest Real Estate Investors
- Units: 304
- Price per Unit: $378,289
The buyer, Griffis Residential, acquired the property from the seller, EverWest Real Estate Investors.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$408,570.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$545,158.67
Annual Debt Service$6,541,904.04
Is there something missing? Send suggestions