Updated Oct 28, 2024
Centerspace Acquires Multifamily Property In Centennial, CO For $95M
9641 East Geddes Avenue, Centennial, Colorado 80112, United States
$95,000,000
Units
215
Asset Type
MultiFamily
Closing
Oct 5, 2022
About this deal
AI
The multifamily property located at 9641 East Geddes Ave in Centennial, CO has been sold. The property consists of 215 units with a price per unit of $441,860, resulting in a total sale price of $95,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $95,000,000
- Units: 215
- Price per Unit: $441,860
- Address: 9641 East Geddes Ave
- Market: Centennial, CO
The buyer of the property is Centerspace.
The multifamily sale at 9641 East Geddes Avenue, Centennial, Colorado 80112, United States in Centennial, Colorado sold for $95M in 2022. Reported inventory is 215 units across 215 units. This page is the Centennial, Colorado file for the 9641 East Geddes Avenue, Centennial, Colorado 80112, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Centennial sit in the Market section below. Filter that Centennial multifamily set by closing date to see what else sold near 9641 East Geddes Avenue, Centennial, Colorado 80112, United States around 2022. Published consideration for 9641 East Geddes Avenue, Centennial, Colorado 80112, United States is $95M, dated 2022. Cite this Centerspace Acquires Multifamily Property In Centennial, CO For $95M sale when underwriting similar multifamily product around Centennial, Colorado.
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Centennial MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93