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Granite Capital Group Sells Henderson Multifamily For $46M With Broker Reps John Blackshire & Tom Wanberg

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SOLD
$46,000,000

Colorado

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MultiFamily
Sold 05/25/2023
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Property Image
SOLD

Granite Capital Group Sells Henderson Multifamily For $46M With Broker Reps John Blackshire & Tom Wanberg

9444 East 108th Avenue

See Similar Deals
MultiFamily
Sold 05/25/2023
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 9444 E 108th Avenue in Henderson, CO was recently sold in a transaction facilitated by John Blackshire and Tom Wanberg of Transwestern Real Estate Services. The property, owned by Granite Capital Group, was sold for a total of $46,000,000. It consists of 167 units, resulting in a per unit price of $275,449.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $46,000,000
  • Units: 167
  • Price per Unit: $275,449
  • Seller: Granite Capital Group
  • Brokers: John Blackshire & Tom Wanberg - Transwestern Real Estate Services

The involvement of John Blackshire and Tom Wanberg from Transwestern Real Estate Services played a crucial role in the successful completion of this multifamily property sale in Henderson, CO. Their expertise and negotiation skills ensured a smooth transaction for all parties involved.

Players

 John Blackshire
1 deal$46M volume(303) 952-5603
BROKER

Tom Wanberg
Transwestern
1 deal$46M volume(303) 952-5592
BROKER

SELLER

Details

SOLD
IMAGE: John Blackshire & Tom Wanberg DATE: 05/25/2023 ADDRESS: 9444 E 108th Avenue MARKET: Henderson, CO ASSET TYPE: Multifamily SELLER: Granite Capital Group BROKERS: John Blackshire & Tom Wanberg - Transwestern Real Estate Services SALE PRICE: $46,000,000 UNITS: 167 ~ PPU: $275,449

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,453,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62