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.
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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