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MLG Capital Acquires 216-Unit Platte View Landing Apartments In Brighton For $51.95M From Hamilton Zanze
SOLD
$51,950,000
Colorado
See Similar DealsMultiFamily
Sold 12/31/2025
SOLD
MLG Capital Acquires 216-Unit Platte View Landing Apartments In Brighton For $51.95M From Hamilton Zanze
90 Miller Avenue
See Similar DealsMultiFamily
Sold 12/31/2025
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is the Platte View Landing Apartments, a multifamily property located at 90 Miller Avenue in Brighton, Colorado. It consists of 216 units and was acquired for a total price of $51,950,000, translating to a per-unit price of $240,509.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $51,950,000
- Units: 216
- Price Per Unit: $240,509
- Buyer: MLG Capital
- Seller: Hamilton Zanze & Company
- Date of Sale: 12/31/2025
- Market: Brighton, CO
This transaction highlights the involvement of MLG Capital as the buyer and Hamilton Zanze & Company as the seller. The deal was completed on the last day of 2025, marking a significant acquisition in the Brighton market.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,770,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,567.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,269.50
Annual Debt Service$2,955,234.04
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