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300 S Lafayette St, Denver,...

Denver Property Sold For $9 Million With Seller's Rep John Laratta Of Berkadia
SOLDMultiFamily

Denver Property Sold For $9 Million With Seller's Rep John Laratta Of Berkadia

300 S Lafayette St, Denver, CO, 80209

$9,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The property involved in the transaction is Domain at Wash Park, a mid-rise apartment community located at 300 S Lafayette St, Denver, CO, 80209. The property was sold for $9,000,000.00, representing $450,000 per unit. Constructed in 2014, it comprises 20 one- and two-bedroom apartments and was reported to be 95 percent occupied at the time of the sale. The market for this transaction is Denver.

Summary of transaction details:

  • Property Type: Apartment Community
  • Transaction Amount: $9,000,000.00
  • Address: 300 S Lafayette St, Denver, CO, 80209
  • Market: Denver
  • Price Per Unit: $450,000
  • Occupancy Rate: 95%
  • Seller's Representative: John Laratta (Berkadia)
  • Buyer: Undisclosed

Nick Steel, Tyler King, and Nate Moyer of Berkadia Denver assisted John Laratta in representing the seller during this transaction. The buyer is based in California, although their identity remains undisclosed.

Players

Tyler King

Newmark

Broker

$119.1M

vol

5 deals

Broker

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93