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255 Lionstone Drive, Colora...

Lynd Acquisitions Group's David Lynd Sells Colorado Springs Multifamily For $67.5M
SOLDMultiFamily

Lynd Acquisitions Group's David Lynd Sells Colorado Springs Multifamily For $67.5M

255 Lionstone Drive, Colorado Springs, Colorado 80916, United States

$67,500,000

Building Size

Asset Type

MultiFamily

Closing

Dec 22, 2022

AI

The multifamily property located at 255 Lionstone Drive in Colorado Springs, CO has been sold. The sale was facilitated by Lynd Acquisitions Group, represented by David Lynd, for a total sale price of $67,500,000. The property consists of 288 units, resulting in a price per unit (PPU) of $234,375.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $67,500,000
  • Address: 255 Lionstone Drive, Colorado Springs, CO
  • Market: Colorado Springs, CO
  • Seller: Lynd Acquisitions Group - David Lynd
  • Units: 288
  • Price Per Unit (PPU): $234,375

The sale of 255 Lionstone Drive was successfully completed with the involvement of Lynd Acquisitions Group, represented by David Lynd, as the seller's representative. This transaction signifies the significant value and potential of the multifamily market in Colorado Springs, CO.

Players

David Lynd

Seller

$1.1B

vol

17 deals

Seller

Colorado Springs 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93