Updated Sep 5, 2024
Pinnacle Real Estate Advisors Facilitates $3.6M Sale Of Lakewood Multifamily Property
8220 West 16th Place Lakewood, CO 80214, USA
$3,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2023
About this deal
AI
Pinnacle Real Estate Advisors recently orchestrated the sale of an apartment building located at 8220 W. 16th Place in Lakewood, Colorado. The multifamily property was sold for a price of $3.6 million, making it a significant transaction in the local market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 8220 W. 16th Place, Lakewood, CO
- Market: Lakewood, CO
Andrew Monette, Robert Lawson, and Charlie Mitelhaus from Pinnacle Real Estate Advisors played a crucial role as brokers in this sale. Their expertise and efforts contributed to the successful transaction of the apartment building, which is situated in the western region of Denver. The sale price of $3.6 million reflects the value and potential of this property.
On the Map
$3,600,000
MultiFamily
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Lakewood 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93