Updated Sep 5, 2024
Kevin Calame And Matt Lewallen Of NorthPeak Commercial Advisors Represent Buyer In $12.9M Denver Sale
2920 W 32nd Ave, Denver, CO, 80211
$12,900,000
$461/SF
Building Size
27,932 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is an apartment building located at 2920 W 32nd Ave, Denver, CO 80211. The building has a total square footage of 27,932 and consists of 41 apartments. The property was sold for $12,900,000, equating to $641 per square foot. The transaction occurred in the Denver market.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $12,900,000.00
- Square Footage: 27,932
- Address: 2920 W 32nd Ave, Denver, CO 80211
- Market: Denver
- Buyer's Representative: Kevin Calame - NorthPeak Commercial Advisors
- Buyer's Representative: Matt Lewallen - NorthPeak Commercial Advisors
- Buyer: Undisclosed
- Seller: Undisclosed
The individuals involved in the deal include Kevin Calame and Matt Lewallen, both representing the buyer through their firm NorthPeak Commercial Advisors. The identities of the buyer and seller have not been disclosed as part of this transaction.
On the Map
$12,900,000
$461/SF
MultiFamily
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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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93