Updated Dec 19, 2023
NorthPeak Commercial Advisors Acquires Multifamily Property In Denver For $19.8M
2880 South Federal Boulevard, Denver, Colorado 80236, United States
$19,800,000
$261/SF
Building Size
75,662 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
The multifamily property located at 2850 & 2880 S. Federal Blvd in Denver, CO has been sold. The transaction was facilitated by Scott Fetter & Joe Hornstein of NorthPeak Commercial Advisors. The sale price for the property was $19,800,000. The property consists of 99 units, with a price per unit of $200,000. It spans a total square footage of 75,662, resulting in a price per square foot of $262.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $19,800,000
- Number of Units: 99
- Price per Unit: $200,000
- Total Square Footage: 75,662
- Price per Square Foot: $262
- Address: 2850 & 2880 S. Federal Blvd, Denver, CO
- Market: Denver, CO
Scott Fetter & Joe Hornstein of NorthPeak Commercial Advisors played a key role in the transaction. They represented the parties involved in the deal, ensuring a successful outcome.
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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93