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NorthPeak Commercial Advisors Facilitates $7.5M Sale Of 24-Unit Multifamily Building In Wheat Ridge, CO At 4097 Vance St

Property Image
SOLD
$7,500,000
Matt Lewallen
Kevin Calame

Colorado

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MultiFamily16,500 SF
Sold 08/03/2023
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily16,500 SF
Sold 08/03/2023
Matt Lewallen
Kevin Calame
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$454
Total Square Footage:16,500 SF
Transaction Type:Sale

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

Kevin Calame
NorthPeak Commercial Advisors
Kevin Calame
12 deals$77.4M volume
BROKER
Matt Lewallen
NorthPeak Commercial Advisors
Matt Lewallen
12 deals$77.4M volume
BROKER

Details

SOLD
IMAGE: Kevin Calame & Matt Lewallen DATE: 08/03/2023 ADDRESS: 4097 Vance St MARKET: Wheat Ridge, CO ASSET TYPE: Multifamily BROKERS: Kevin Calame & Matt Lewallen - NorthPeak Commercial Advisors SALE PRICE: $7,500,000 UNITS: 24 ~ PPU: $312,500 SF: 16,500 ~ PPSF: $455 NOTE: NorthPeak Commercial Advisors facilitated the sale of a 24-unit apartment building in Wheat Ridge located at 4097 Vance St. The property was sold for $7.5 million, at a rate of $312,500 per unit, with Kevin Calame and Matt Lewallen from NorthPeak Commercial Advisors representing both the buyer and seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
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