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444 East 19th Avenue

InterCapital Group And Pamera North America Acquire Multifamily Property In Denver For $95 Million
SOLDMultiFamily

InterCapital Group And Pamera North America Acquire Multifamily Property In Denver For $95 Million

444 East 19th Avenue

$95,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 6, 2024

AI

The property involved in the transaction is a multifamily asset situated at 444 East 19th Avenue in Denver, CO. InterCapital Group and Pamera North America acquired this 302-unit community for a transaction amount of $95 million. The property, built in 2013, is LEED-certified and includes 10,000 square feet of retail space, along with 369 parking spaces and various amenities, boasting a 95% occupancy rate at the time of the sale.

Summary of transaction details:

The transaction highlights the involvement of notable brokers from CBRE, specifically Brad Schlafer, Christopher Hart, Shane Ozment, and Terrance Hunt, who represented the respective parties in the deal.

Players

Brad Schlafer

CBRE

Broker

$534.9M

vol

7 deals

Broker

Denver 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93