Updated Oct 19, 2026
FJ Management Acquires 250-Unit Multifamily Property In Wheat Ridge Colorado For $97M
4051 Clear Creek Drive
$97,000,000
Units
250
Asset Type
MultiFamily
Closing
May 13, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 4051 Clear Creek Drive in Wheat Ridge, CO. It was sold for $97,000,000, equating to approximately $388,000 per unit. The property includes a total of 250 units in its development.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $97,000,000
- Buyer: FJ Management
- Seller: Evergreen Devco Inc
- Units: 250
- Price Per Unit: $388,000
- Market: Wheat Ridge, CO
The transaction was executed between FJ Management, the buyer, and Evergreen Devco Inc, the seller, signifying a notable acquisition in the multifamily sector within the Wheat Ridge market.
On the Map
$97,000,000
MultiFamily
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Players
Golden 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93