Updated Dec 4, 2024
GID Affiliate Acquires Windsor Westminster Apartment Complex For $81M
9100 Vance Street
$81,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 17, 2023
About this deal
AI
A multifamily property known as Windsor Westminster in Westminster, CO, has recently been sold for $81 million according to property records. The apartment complex offers one- to two-bedroom units and includes several amenities such as a pool, spa, fitness center, clubroom, coworking area, and dog park.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $81,000,000
- Address: 9100 Vance Street, Westminster, CO
- Market: Westminster, CO
An affiliate of GID purchased the Windsor Westminster apartment complex from Suzann Priest Cabling, represented by Jackson Square Properties. The sale highlights the demand for multifamily properties in the market and the strong interest from investors in this asset class.
Players
Broomfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93