MIG Real Estate Acquires Multifamily Property In Westminster, CO For $94M
2710 Bruchez Parkway, Westminster, Colorado 80234, United States
$94,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 12, 2022
AI
MIG Real Estate has acquired a multifamily property located at 2710 Bruchez Pkwy in Westminster, CO. The property consists of 232 units and was sold for a total price of $94,000,000, resulting in a per unit price of $405,172.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $94,000,000
- Units: 232
- Price Per Unit: $405,172
The acquisition of this multifamily property was facilitated by brokers Dave Martin & Brian Mooney from Northmarq, representing MIG Real Estate in the deal.
Players
Westminster MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93