BoaVida Communities Acquires 117-site Mobile Home Community In Colfax From Colfax Holdings
450 Gladycon Road
Building Size
1,255,399 SF
Asset Type
MultiFamily
Closing
Sep 8, 2025
AI
The property asset involved in the transaction is a multifamily building located at 450 Gladycon Road in the Colfax market. This asset comprises 117 units with a total square footage of 1,255,399.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 450 Gladycon Road
- Market: Colfax
- Units: 117
- Square Footage: 1,255,399
- Buyer: BoaVida Communities
- Seller: Colfax Holdings
- Seller's Representatives: Dylan Brazil, Pierce Brazil, Dimitre Petrov, Thomas Beniamen, Giovanna Brazil, and Nolan Rockwell - Commercial Real Estate Investors; Amir Cackovic - EXP Realty
The deal was facilitated by seven representatives from two distinct agencies, showcasing a collaboration between commercial real estate investors and EXP Realty. This collective of individuals played a crucial role in the sale process, representing the seller through various aspects of the transaction.
Players
Colfax MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93