Updated Oct 29, 2024
Avanath Capital Management Acquires Multifamily Property In Denver For $58.1M
8400 East Yale Avenue, Denver, Colorado 80231, United States
$58,100,000
Units
168
Asset Type
MultiFamily
Closing
Oct 11, 2022
About this deal
AI
The multifamily property located at 8400 East Yale Ave in Denver, CO has been sold. The transaction took place on 11/10/2022, with Avanath Capital Management purchasing the property from MIG Real Estate. The sale price for this 168-unit multifamily asset was $58,100,000, resulting in a price per unit of $345,833.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $58,100,000
- Units: 168
- Price per Unit (PPU): $345,833
- Address: 8400 East Yale Ave, Denver, CO
- Buyer: Avanath Capital Management
- Seller: MIG Real Estate
- Broker: CBRE
CBRE represented the buyer, Avanath Capital Management, in this transaction.
On the Map
$58,100,000
MultiFamily
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Denver MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93