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8339 West Hampden Avenue

Capstone Companies Sell The Ridge At 285 In Lakewood, CO For $5.4M
SOLDMultiFamily

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

Christian Burgdorf

MMG Real Estate Advisors

Broker

$11.2M

vol

3 deals

Broker

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