Updated Oct 28, 2024
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
About this deal
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.
On the Map
$24,700,000
MultiFamily
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Players
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