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2205 Alpine St, Longmont, C...

Cantamar Apartments Associates Acquires Property At 2205 Alpine St In Longmont For $50M With Broker David Fogler
SOLDMultiFamily

Cantamar Apartments Associates Acquires Property At 2205 Alpine St In Longmont For $50M With Broker David Fogler

2205 Alpine St, Longmont, CO, 80504

$50,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

Cantamar Apartments Associates has purchased a multifamily property located at 2205 Alpine St, Longmont, CO, 80504, for $50,000,000. The property consists of 126 apartment units and has been renamed Alpine Prairie Village. It features one-, two-, and three-bedroom apartments equipped with modern appliances and amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $50,000,000
  • Address: 2205 Alpine St, Longmont, CO, 80504
  • Market: Longmont
  • Buyer: Cantamar Apartments Associates
  • Seller: An entity formed by DHI Communities
  • Buyer’s Representative: David Fogler, Steven Nicoluzakis - Cushman & Wakefield
  • Units: 126

The transaction was facilitated by David Fogler and Steven Nicoluzakis from Cushman & Wakefield’s Multifamily Advisory Group, who represented Cantamar Apartments Associates in this acquisition.

Players

Steven Nicoluzakis

Cushman & Wakefield

Broker

$361.8M

vol

10 deals

Broker

Longmont 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93