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Pinnacle Real Estate Advisors Facilitates $13.5 Million Sale Of Willowbrook Crossing Multifamily Property

Property Image
SOLD
$13,500,000

North Carolina

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MultiFamily
Sold 11/05/2024
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Property Image
SOLD

Pinnacle Real Estate Advisors Facilitates $13.5 Million Sale Of Willowbrook Crossing Multifamily Property

MultiFamily
Sold 11/05/2024
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Summary

Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a multifamily asset located at 7155 North Raleigh St, Westminster, CO. The sale price for this 95-unit apartment property was $13,500,000, which equates to approximately $142,105 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,500,000
  • Address: 7155 North Raleigh St
  • Market: Westminster, CO
  • Units: 95
  • Price per Unit: $142,105

The transaction was facilitated by brokers Jake Waxter and Josh Newell, representing Pinnacle Real Estate Advisors in the sale of Willowbrook Crossing. Their involvement ensured a smooth transaction process for the parties involved.

Players

Josh Newell
3 deals$21M volume(303) 962-9559
BROKER

Jake Waxter
Pinnacle Real Estate Advisors
1 deal$13.5M volume(303) 962-9557
BROKER

Details

SOLD
IMAGE: 11/05/2024 ADDRESS: 7155 North Raleigh St MARKET: Westminster, CO ASSET TYPE: Multifamily BROKERS: Jake Waxter & Josh Newell - Pinnacle Real Estate Advisors SALE PRICE: $13,500,000 NOTE: Pinnacle Real Estate Advisors facilitated the $13.5 million sale of Willowbrook Crossing, a 95-unit apartment property in Westminster, priced at $142,105 per unit.

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

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65