Capstone Companies Sell The Ridge At 285 In Lakewood, CO For $5.4M
8339 West Hampden Avenue
$5,400,000
$300/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Feb 1, 2024
AI
The Ridge at 285 is a 12-unit townhome-style multifamily property located at 8339 West Hampden Avenue in Lakewood, Colorado. The property was sold for $5.4 million, with a total square footage of 18,000 square feet. The price per square foot was $300, signaling a successful transaction handled by Capstone Companies.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Address: 8339 West Hampden Avenue
- Market: Lakewood, CO
Christian Burgdorf and Sean Holamon from Capstone Companies were the brokers responsible for facilitating the sale of The Ridge at 285 in Lakewood, Colorado. The successful conclusion of this transaction highlights the expertise and professionalism of the brokerage team in managing multifamily property deals.
Players
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93