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
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