Pinnacle Real Estate Advisors Brokers $5.1M Sale Of Kings Brook Arms Apartments In Englewood CO
3445 South Marion Street & 3455 South Marion Street
$5,100,000
Building Size
—
Asset Type
MultiFamily
Closing
May 19, 2025
AI
The property involved in this transaction is the Kings Brook Arms Apartments, a multi-family asset located at 3445-3455 South Marion Street in Englewood, CO. The sale price was $5,100,000, translating to a price per unit of $150,000 for the 34 units within the property.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,100,000
- Units: 34
- Price Per Unit: $150,000
- Brokerage Firm: Pinnacle Real Estate Advisors
- Lender: Bank of Colorado
The transaction was facilitated by brokers Jim Knowlton, Mark Knowlton, and Chris Knowlton, representing the interest of one party in the deal. The identities of the buyer and seller remain undisclosed, ensuring privacy in the transaction details.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93