Updated Oct 28, 2024
CORE Pacific Advisors Acquires Multifamily Property In Westminster, CO For $150M
663 West 148th Avenue, Westminster, Colorado 80023, United States
$150,000,000
Units
394
Asset Type
MultiFamily
Closing
Oct 2, 2022
About this deal
AI
The multifamily property located at 663 West 148th Ave in Westminster, CO has been sold. The transaction took place on 10/03/2022. The property is comprised of 394 units, with a per unit price (PPU) of $380,711. The sale was facilitated by Walker & Dunlop acting as the broker for both the buyer, CORE Pacific Advisors, and the seller, McWhinney. The sale price for the property was $150,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $150,000,000
- Units: 394
- Price Per Unit (PPU): $380,711
- Buyer: CORE Pacific Advisors
- Seller: McWhinney
- Broker: Walker & Dunlop
- Market: Westminster, CO
This successful transaction highlights the collaboration between CORE Pacific Advisors as the buyer, McWhinney as the seller, and the esteemed brokerage firm Walker & Dunlop. The sale price of $150,000,000 reflects the strong market value of the multifamily property in Westminster, CO. This deal serves as a testament to the expertise and negotiation skills of the respective parties involved.
Westminster 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93