Updated Dec 4, 2024
NorthPeak Commercial Advisors Facilitates $3.7M Sale Of Multifamily Property In Denver
245 Bannock Street
$3,700,000
$335/SF
Building Size
11,019 SF
Asset Type
MultiFamily
Closing
Nov 6, 2023
About this deal
AI
A multifamily property located at 245 Bannock St. in Denver, CO has been sold for $3.7 million. The property spans across 11,019 square feet, resulting in a price per square foot of $336. This transaction was facilitated by NorthPeak Commercial Advisors, with brokers Joe Hornstein, Kevin Calame, Matt Lewallen, and Scott Fetter representing the parties involved.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Square Feet: 11,019
- Price Per Square Foot: $336
- Address: 245 Bannock Street, Denver, CO
- Market: Denver, CO
NorthPeak Commercial Advisors played a key role in the sale of the multifamily property at 245 Bannock St. Their brokers, Joe Hornstein, Kevin Calame, Matt Lewallen, and Scott Fetter, successfully facilitated the transaction, achieving a sale price of $3.7 million at a rate of $244,333 per unit. Their expertise and representation were instrumental in the closing of this deal.
Players
Denver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93