Meriwether Companies & Revere Capital Acquire Single Family Property In Aspen, CO For $69M
SOLD
$69,000,000
Colorado
See Similar DealsSingle Family Residence
Sold 10/01/2022
SOLD
Meriwether Companies & Revere Capital Acquire Single Family Property In Aspen, CO For $69M
1490 Ute Avenue, Aspen, Colorado 81611, United States
See Similar DealsSingle Family Residence
Sold 10/01/2022
Summary
COLORADO
Asset Type:Single Family Residence
Transaction Type:Sale
The single-family property located at 1490 Ute Ave, Aspen, CO has been sold in a recent transaction. The sale took place on October 1, 2022. The property was purchased by Meriwether Companies & Revere Capital for a total of $69,000,000. The transaction marks a significant deal in the Aspen market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $69,000,000
- Address: 1490 Ute Ave, Aspen, CO
- Market: Aspen, CO
The buyers, Meriwether Companies & Revere Capital, acquired the property from Elizabeth & John Burgess. The involvement of these key individuals and companies adds significance to the deal. However, no additional information is available regarding loan amounts or square footage. The transaction represents a notable investment in the Aspen market.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$245,142.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$327,095.20
Annual Debt Service$3,925,142.43
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