SOLDStudent Housing
Berkadia Brokers Over $24.5M Sale Of Student Housing In Denver, CO
2373 East Evans Avenue
$24,500,000
Building Size
—
Asset Type
Student Housing
Closing
Nov 17, 2022
AI
A student housing property located at 2373 E Evans Ave in Denver, CO has been sold for a price of $24,500,000. The property consists of 36 units, resulting in a price per unit of $680,556.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $24,500,000
- Address: 2373 E Evans Ave, Denver, CO
- Market: Denver, CO
- Brokers: Kevin Larimer, Tyler King, Nate Moyer - Berkadia
- Units: 36
- Price per Unit: $680,556
The sale of this student housing property was facilitated by brokers Kevin Larimer, Tyler King, and Nate Moyer from Berkadia.
Players
Denver Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93