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
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