Avanath Capital Management Acquires Multifamily Property In Denver For $58.1M
SOLD
$58,100,000
Colorado
See Similar DealsMultiFamily
Sold 10/11/2022
SOLD
Avanath Capital Management Acquires Multifamily Property In Denver For $58.1M
8400 East Yale Avenue, Denver, Colorado 80231, United States
See Similar DealsMultiFamily
Sold 10/11/2022
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,098,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$206,417.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$275,423.64
Annual Debt Service$3,305,083.69
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