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1113 West Plum Street, Fort...

Trailbreak Partners Acquires Apartment Complex In Fort Collins For $24.7M
SOLDMultiFamily

Trailbreak Partners Acquires Apartment Complex In Fort Collins For $24.7M

1113 West Plum Street, Fort Collins, Colorado 80521, United States

$24,700,000

Units

107

Asset Type

MultiFamily

Closing

Jan 4, 2022

AI

An apartment property located at 1113 W Plum St in Fort Collins, CO has been sold in a transaction. The sale price for the property was $24,700,000. It consists of 107 units, resulting in a price per unit of $230,841.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $24,700,000
  • Address: 1113 W Plum St, Fort Collins, CO
  • Market: Fort Collins, CO
  • Buyer: Trailbreak Partners
  • Seller: Bridge Partners Inc.
  • Broker: Nick Steele, John Laratta, Tyler King, Brian Huff, & Nate Moyer - Berkadia

The deal involved the buyer, Trailbreak Partners, and the seller, Bridge Partners Inc. The transaction was facilitated by the broker team composed of Nick Steele, John Laratta, Tyler King, Brian Huff, and Nate Moyer from Berkadia.

Players

TP
Trailbreak PartnersBuyer

Fort Collins 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

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93