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Pinnacle Real Estate Advisors Facilitates $13.5 Million Sale Of Willowbrook Crossing Multifamily Property
SOLD
North Carolina
See Similar DealsMultiFamily
Sold 11/05/2024
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.
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Deal Type
30 years
10 years
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
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