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2212 Vermont Dr, Fort Colli...

Updated May 24, 2024

Matthew Tice Represents Buyer In Fort Collins Multifamily Sale
SOLDMultiFamily

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.

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Matthew Tice

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Fort Collins MultiFamily Market Snapshot

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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

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