NorthPeak Commercial Advisors Sells Multifamily Property In Denver, CO For $12.9M
SOLD
$12,900,000
Colorado
See Similar DealsMultiFamily27,932 SF
Sold 07/27/2022
SOLD
NorthPeak Commercial Advisors Sells Multifamily Property In Denver, CO For $12.9M
2920 West 32nd Avenue, Denver, Colorado 80211, United States
See Similar DealsMultiFamily27,932 SF
Sold 07/27/2022
Summary
COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:27,932 SF
Transaction Type:Sale
The multifamily property located at 2920 W 32nd Ave in Denver, CO has been sold for a total price of $12,900,000. This property consists of 41 units, with a price per unit of $314,634. The total square footage of the property is 27,932, at a price per square foot of $462.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,900,000
- Units: 41
- Price per Unit: $314,634
- Square Footage: 27,932
- Price per Square Foot: $462
- Address: 2920 W 32nd Ave, Denver, CO
- Market: Denver, CO
The sale was facilitated by Kevin Calame & Matt Lewallen of NorthPeak Commercial Advisors, who acted as the brokers representing the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$688,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,830.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,152.58
Annual Debt Service$733,830.98
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