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

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SOLD
$9,000,000

Colorado

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MultiFamily
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SOLD

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

300 S Lafayette St, Denver, CO, 80209

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MultiFamily
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

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
5 deals$119.1M volume
BROKER

John Laratta
Berkadia
1 deal$9M volume(303) 607-0025
BROKER

Nate Moyer
Colliers
3 deals$89.5M volume(847) 363-8205
BROKER

Details

SOLD
IMAGE: 300 S Lafayette St, Denver, CO, 80209 MARKET: Denver SELLER'S REP: John Laratta-Berkadia BUYER: Undisclosed SELLER: PRICE: $9,000,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$480,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
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