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NorthPeak Commercial Advisors Facilitates $3.7M Sale Of Multifamily Property In Denver

Property Image
SOLD
$3,700,000
Kevin Calame
Scott Fetter
+ 1

Colorado

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MultiFamily11,019 SF
Sold 11/06/2023
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Property Image
SOLD

NorthPeak Commercial Advisors Facilitates $3.7M Sale Of Multifamily Property In Denver

245 Bannock Street

See Similar Deals
MultiFamily11,019 SF
Sold 11/06/2023
Kevin Calame
Scott Fetter
+ 1
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$335
Total Square Footage:11,019 SF
Transaction Type:Sale

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

Scott Fetter
8 deals$55.1M volume
BROKER

Joe Hornstein
NorthPeak Commercial Advisors
8 deals$55.1M volume
BROKER

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

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

Details

SOLD
IMAGE: Joe Hornstein, Kevin Calame, Matt Lewallen & Scott Fetter DATE: 11/06/2023 ADDRESS: 245 Bannock Street MARKET: Denver, CO ASSET TYPE: Multifamily BROKERS: Joe Hornstein, Kevin Calame, Matt Lewallen & Scott Fetter - NorthPeak Commercial Advisors SALE PRICE: $3,700,000 SF: 11,019 ~ PPSF: $336 NOTE: NorthPeak Commercial Advisors facilitated the sale of a multifamily property at 245 Bannock St. in Denver, which was sold for $3.7 million at a rate of $244,333 per unit.

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

$197,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65