Updated Dec 19, 2023
NorthPeak Commercial Advisors Sells Multifamily Property In Denver, CO For $12.9M
2920 West 32nd Avenue, Denver, Colorado 80211, United States
$12,900,000
$461/SF
Building Size
27,932 SF
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
AI
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.
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