Updated Oct 28, 2024
Griffis Residential Acquires Multifamily Property In Denver, CO For $115M
2180 South Colorado Boulevard, Denver, Colorado 80222, United States
$115,000,000
Units
304
Asset Type
MultiFamily
Closing
Oct 10, 2022
About this deal
AI
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
Denver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
About $378.3K per unit across 304 units on a published $115M (2022).
Browse Colorado multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93