Sentral Union Station
A multifamily property in Denver, Colorado. Securitized in 1 CMBS deal in 2024.
$310.0MAppraised value (latest deal)
93.6%Occupancy
$14.3MUnderwritten NOI
4.6%Implied cap rate
- Address
- 1777 Wewatta Street, Denver, CO 80202
- Property type
- Multifamily · High Rise
- Year built
- 2018
- Size
- 579 Units
- Sponsor
- ICONIQ Residential Partners GP, LP
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $310.0M | 93.6% | $14.3M | 4.6% | $9.9M | 36.1% | 2.43x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 8/31/2024 | $14.8M |
| 12/31/2023 | $14.5M |
| 12/31/2022 | $15.1M |
More CMBS properties in Colorado →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.