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2920 W 32nd Ave, Denver, CO...

Updated Sep 5, 2024

Kevin Calame And Matt Lewallen Of NorthPeak Commercial Advisors Represent Buyer In $12.9M Denver Sale
SOLDMultiFamily

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.

Players

Kevin Calame

NorthPeak Commercial Advisors

Broker

$77.4M

vol

12 deals

Broker

Denver MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $461 per square foot on a published $12.9M for 27,932 square feet (2024).

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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

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