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Chris Manning Of Peak Capital Partners Acquires 200-Unit Momentum At First Creek Apartments For $56M
SOLD
$56,000,000
Colorado
See Similar DealsMultiFamily
Sold 04/06/2026
SOLD
Chris Manning Of Peak Capital Partners Acquires 200-Unit Momentum At First Creek Apartments For $56M
North Telluride Street
See Similar DealsMultiFamily
Sold 04/06/2026
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 5500 North Telluride Street in Denver, CO. The sale occurred on April 6, 2026, with a total sale price of $56,000,000 for the property, which consists of 200 units. The price per unit for the Momentum at First Creek apartments is $280,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $56,000,000
- Units: 200
- Price Per Unit: $280,000
- Buyer: Chris Manning - Peak Capital Partners
- Seller: Massimino
- Broker Representing Seller: Colliers
Chris Manning represents Peak Capital Partners in this acquisition of the Momentum at First Creek apartments, facilitating the transaction from the seller, Massimino. Colliers played a critical role as the broker representing the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,986,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$198,956.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$265,468.57
Annual Debt Service$3,185,622.84
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