Updated Dec 4, 2024
NorthPeak Commercial Advisors Brokers $8.2M Sale Of Glenwood Springs Multifamily
228 Auburn Ridge Lane
$8,200,000
$269/SF
Building Size
30,376 SF
Asset Type
MultiFamily
Closing
Dec 15, 2023
About this deal
AI
NorthPeak Commercial Advisors has successfully brokered the sale of a multifamily property situated at 228 Auburn Ridge Lane in Glenwood Springs, CO. The property consists of 48 units with a total sale price of $8,200,000, resulting in an average price per unit (PPU) of $170,833. The property spans a total of 30,376 square feet, equating to a price per square foot (PPSF) of $270.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Units: 48
- PPU: $170,833
- Square Feet: 30,376
- PPSF: $270
- Address: 228 Auburn Ridge Lane, Glenwood Springs, CO
- Market: Glenwood Springs, CO
The sale was facilitated by Kevin Calame and Matt Lewallen from NorthPeak Commercial Advisors. They played a crucial role in ensuring the successful transaction of this multifamily property.
Players
Auburn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matt Lewallen to view all their deals.
Browse Colorado multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93