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NorthPeak Commercial Advisors Brokers $8.2M Sale Of Glenwood Springs Multifamily

Property Image
SOLD
$8,200,000
Matt Lewallen
Kevin Calame

Colorado

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MultiFamily30,376 SF
Sold 12/15/2023
the dealplayerscompscontact
Property Image
SOLD

NorthPeak Commercial Advisors Brokers $8.2M Sale Of Glenwood Springs Multifamily

228 Auburn Ridge Lane

See Similar Deals
MultiFamily30,376 SF
Sold 12/15/2023
Matt Lewallen
Kevin Calame
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:30,376 SF
Transaction Type:Sale

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

Kevin Calame
NorthPeak Commercial Advisors
Kevin Calame
12 deals$77.4M volume
BROKER
Matt Lewallen
NorthPeak Commercial Advisors
Matt Lewallen
12 deals$77.4M volume
BROKER

Details

SOLD
IMAGE: Kevin Calame & Matt Lewallen DATE: 12/15/2023 ADDRESS: 228 Auburn Ridge Lane MARKET: Glenwood Springs, CO ASSET TYPE: Multifamily BROKERS: Kevin Calame & Matt Lewallen - NorthPeak Commercial Advisors SALE PRICE: $8,200,000 UNITS: 48 ~ PPU: $170,833 SF: 30,376 ~ PPSF: $270 NOTE: NorthPeak Commercial Advisors has successfully brokered the sale of a multifamily property situated at 228 Auburn Ridge Lane in Glenwood Springs, fetching a total of $8.2 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$437,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20