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
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