Updated Oct 19, 2026
Broe Real Estate Group Acquires Seasons Of Cherry Creek Apartment Complex For $225M
3498 East Ellsworth Avenue Denver, Colorado 80209, USA
$225,000,000
$424/SF
Building Size
530,575 SF
Asset Type
MultiFamily
Closing
Jul 25, 2023
About this deal
AI
The Seasons of Cherry Creek apartment complex, located at 3498 E Ellsworth Ave in Denver, CO, has been sold for $225 million. The property spans 5.2 acres and offers a total of 530,575 square feet of space. The sale price equates to $424 per square foot.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $225,000,000
- Address: 3498 E Ellsworth Ave
- Market: Denver, CO
- Square Footage: 530,575
Broe Real Estate Group, a Denver-based firm, has acquired the Seasons of Cherry Creek apartment complex from Seasons Residential LLC. The buyer's representative in the deal was Josh Mesner. This transaction represents a significant housing investment in the Cherry Creek area by Broe Real Estate Group.
On the Map
$225,000,000
$424/SF
MultiFamily
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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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93