Updated May 24, 2024
Matthew Tice Represents Buyer In Fort Collins Multifamily Sale
2212 Vermont Dr, Fort Collins, CO, 80...
Building Size
—
Asset Type
MultiFamily
Closing
Apr 12, 2016
About this deal
AI
The Pinecone Apartments, located at 2212 Vermont Drive in Fort Collins, Colorado, consist of 13 buildings with a total of 45 one-bedroom and 150 two-bedroom units. Each unit offers amenities such as brushed nickel fixtures, gas fireplaces, private balconies or patios, washer and dryers, and walk-in closets. The property also features a heated swimming pool, club house, fitness center, business center, and a dog park.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Address: 2212 Vermont Dr, Fort Collins, CO
- Market: Fort Collins
- Buyer's Rep: Matthew Tice
- Seller: Undisclosed
Matthew Tice, senior vice president of Inland Real Estate Acquisitions, facilitated the acquisitions of the Pinecone Apartments in Fort Collins. Inland Real Estate Acquisitions, Inc. has facilitated over $41 billion of purchases to date, which includes a variety of property types like retail centers, apartments, and single-tenant properties.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93