Berkadia Brokers Over $24.5M Sale Of Student Housing In Denver, CO
SOLD
$24,500,000
Colorado
See Similar DealsStudent Housing
Sold 11/17/2022
SOLD
Berkadia Brokers Over $24.5M Sale Of Student Housing In Denver, CO
2373 East Evans Avenue
See Similar DealsStudent Housing
Sold 11/17/2022
Summary
COLORADO
Asset Type:Student Housing
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99
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