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Quantum Capital Acquires Multifamily Property In Denver For $8.4M

Property Image
SOLD
$8,400,000
Andy Hellman
Erik Toll
+ 2

Colorado

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MultiFamily
Sold 10/27/2022
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Property Image
SOLD

Quantum Capital Acquires Multifamily Property In Denver For $8.4M

230 East 19th Avenue, Denver, Colorado 80203, United States

See Similar Deals
MultiFamily
Sold 10/27/2022
Andy Hellman
Erik Toll
+ 2
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 230-240 E 19th Ave in Denver, CO has been sold in a transaction. The property consists of 34 units and was sold for a price of $8,400,000, resulting in a per unit price of $247,059.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $8,400,000
  • Units: 34
  • Price Per Unit: $247,059

The buyer in this transaction was Quantum Capital, while the seller was Cohen Rojas Capital Partners. The deal was facilitated by brokers Erik Toll, Andy Hellman, Justin Hunt, and Brad Schlafer of CBRE, with assistance from Jessica Graham. Note that Erik Toll, Andy Hellman, Justin Hunt, Brad Schlafer, and Jessica Graham are representatives of CBRE in this deal.

Players

Jessica Graham
3 deals$30.1M volume
BROKER

Erik Toll
CBRE
4 deals$66.4M volume
BROKER

Andy Hellman
CBRE
4 deals$167.3M volume
BROKER

Justin Hunt
CBRE
5 deals$198.3M volume
BROKER


S3 Capital
SELLER

Details

SOLD
IMAGE: Erik Toll, Andy Hellman, Justin Hunt & Brad Schlafer DATE: 10/27/2022 ADDRESS: 230-240 E 19th Ave MARKET: Denver, CO ASSET TYPE: Multifamily BUYER: Quantum Capital SELLER: Cohen Rojas Capital Partners BROKERS: Erik Toll, Andy Hellman, Justin Hunt, Brad Schlafer & Jessica Graham - CBRE SALE PRICE: $8,400,000 UNITS: 34 ~ PPU: $247,059

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

$448,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43