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3737 Red Canon Place

Capstone Companies Facilitates Sale Of Canyon Retreat Apartments In Colorado Springs For $1.3M
SOLDMultiFamily

Capstone Companies Facilitates Sale Of Canyon Retreat Apartments In Colorado Springs For $1.3M

3737 Red Canon Place & 3746 Red Canon Place

$1,310,000

$124/SF

Building Size

5,252 SF

Asset Type

MultiFamily

Closing

Nov 8, 2023

AI

Capstone Companies, represented by Adam Riddle and Conor Cavanor, has facilitated the sale of Canyon Retreat Apartments, a multifamily property spanning 5,252 square feet at 3737 and 3746 Red Canon Place in Colorado Springs. The property was sold for $1.3 million, at a price per square foot of $249.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,310,000
  • Square Footage: 5,252
  • Location: 3737 & 3746 Red Canon Place, Colorado Springs, CO
  • Market: Colorado Springs, CO

Adam Riddle and Conor Cavanor from Capstone Companies were the brokers representing the parties involved in this transaction. The sale of Canyon Retreat Apartments highlights the successful facilitation by Capstone Companies in Colorado Springs.

Players

Adam Riddle

Capstone Companies

Broker

$15.9M

vol

3 deals

Broker

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

12.11%

Cash-on-Cash

-3.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93