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663 West 148th Avenue, West...

Updated Oct 28, 2024

CORE Pacific Advisors Acquires Multifamily Property In Westminster, CO For $150M
SOLDMultiFamily

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.

Players

M
McWhinneySeller

Westminster MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $380.7K per unit across 394 units on a published $150M (2022).

Browse Colorado multifamily sales on Traded.

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

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