Updated Sep 5, 2024
NorthPeak Commercial Advisors Facilitates $7.5M Sale Of 24-Unit Multifamily Building In Wheat Ridge, CO At 4097 Vance St
4097 Vance Street Wheat Ridge, CO 80033, USA
$7,500,000
$454/SF
Building Size
16,500 SF
Asset Type
MultiFamily
Closing
Aug 3, 2023
About this deal
AI
A 24-unit apartment building in Wheat Ridge, located at 4097 Vance St, has been sold for $7.5 million. The property boasts a total of 16,500 square feet, with each unit averaging at 687.5 square feet. The sale price per unit amounted to $312,500, while the price per square foot stood at $455.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Address: 4097 Vance St
- Market: Wheat Ridge, CO
The sale was facilitated by NorthPeak Commercial Advisors, with brokers Kevin Calame and Matt Lewallen representing both the buyer and seller in the transaction. The deal involved a careful negotiation process, ensuring a smooth transition of ownership for the 24-unit apartment building.
Players
Wheat Ridge 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93