facebook
Traded Co logo
Submit
Daily limit: 0/10

MG Properties Acquires 316-Unit Multifamily Community In Denver For $95.3M

Property Image
SOLD
$95,300,000
Brandon Smith
Annie Rice
+ 4

Colorado

See Similar Deals
MultiFamily
Sold 10/30/2023
the dealplayerscompscontact
Property Image
SOLD

MG Properties Acquires 316-Unit Multifamily Community In Denver For $95.3M

4400 South Syracuse Street

See Similar Deals
MultiFamily
Sold 10/30/2023
Brandon Smith
Annie Rice
+ 4
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

The luxury multifamily property located at 4400 South Syracuse Street in Denver, Colorado has been sold for a transaction amount of $95.3 million. The property, known as 4400 Syracuse Apartments, consists of 316 units, with an average price per unit of $301,582.

Summary of transaction details:

Morgan Group and LaSalle Investment Management have successfully sold the 316-unit luxury community, 4400 Syracuse Apartments, to MG Properties. The transaction highlights the strong demand for multifamily properties in Denver, CO, and the growing interest of investors in the area.

Players

Charles Halladay
13 deals$915.4M volume
BROKER

Annie Rice
JLL
13 deals$1.5B volume
BROKER

Brandon Smith
JLL
11 deals$1.3B volume
BROKER

Alex Possick
JLL
3 deals$186.4M volume
BROKER

Jordan Robbins
JLL
3 deals$239.6M volume(303) 515-8010
BROKER

Rick Salinas
JLL
4 deals$302.3M volume(415) 510-6960
BROKER

Mark Gleiberman
MG Properties
8 deals$871.1M volume
BUYER

Details

SOLD
IMAGE: Mark Gleiberman, Philip Morgan, Mark Gabbay, Annie Rice, Alex Possick, Brandon Smith, Charles Halladay, Jordan Robbins & Rick Salinas DATE: 10/30/2023 ADDRESS: 4400 South Syracuse Street MARKET: Denver, CO ASSET TYPE: Multifamily BUYER: Mark Gleiberman - MG Properties SELLER: Philip Morgan - Morgan Group & Mark Gabbay - LaSalle Investment Management BROKERS: Annie Rice, Alex Possick, Brandon Smith, Charles Halladay, Jordan Robbins & Rick Salinas - JLL SALE PRICE: $95,300,000 UNITS: 316 ~ PPU: $301,582 NOTE: Morgan Group and LaSalle Investment Management have sold the 316-unit luxury community, 4400 Syracuse Apartments, in Denver to MG Properties for $95.3 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,082,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$338,580.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$451,770.62
Annual Debt Service$5,421,247.44