NorthPeak Commercial Advisors Acquires Multifamily Property In Denver For $19.8M
SOLD
$19,800,000
Colorado
See Similar DealsMultiFamily75,662 SF
Sold 06/23/2022
SOLD
NorthPeak Commercial Advisors Acquires Multifamily Property In Denver For $19.8M
2880 South Federal Boulevard, Denver, Colorado 80236, United States
See Similar DealsMultiFamily75,662 SF
Sold 06/23/2022
Summary
COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$261
Total Square Footage:75,662 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,056,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$70,345.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$93,862.10
Annual Debt Service$1,126,345.22
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