Updated Oct 28, 2024
Denver Business Journal Acquires Multifamily Property On Tennyson St For $25.5M
3860 Tennyson Street, Denver, Colorado 80212, United States
$25,500,000
Units
49
Asset Type
MultiFamily
Closing
Aug 21, 2022
About this deal
AI
The multifamily property located at 3860 Tennyson St in Denver, CO was recently sold. The transaction took place on August 22, 2022. The property, consisting of 49 units, was acquired by Denver Business Journal from Piedmont Properties Group. The sale price for the property was $25,500,000, resulting in a per unit price of $520,408.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,500,000
- Address: 3860 Tennyson St, Denver, CO
- Market: Denver, CO
- Buyer: Denver Business Journal
- Seller: Piedmont Properties Group
- Units: 49
- Price per unit: $520,408
The acquisition of the property by Denver Business Journal from Piedmont Properties Group marks a significant transaction in the Denver multifamily market. The deal was facilitated by the respective representatives of both parties.
Players
Denver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Colorado multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93