Updated Apr 1, 2026
Clipper Capital Group Purchases 108-Unit Radford Place Apartments In Dubuque For $14.3M
1600 Radford Road
$14,300,000
Units
108
Asset Type
MultiFamily
Closing
Mar 31, 2026
About this deal
AI
Radford Place Apartments is a 108-unit garden-style community located at 1600 Radford Road in Dubuque, Iowa. The property was sold for $14,300,000, with a price per unit of $132,407.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,300,000
- Address: 1600 Radford Road
- Market: Dubuque, IA
- Units: 108
- Price Per Unit: $132,407
Clipper Capital Group is the buyer, while NorthMarq facilitated the transaction and the secured a $9.417M Fannie Mae acquisition loan for the buyer. The brokers involved in this deal are Joe Giordani, Brendan Golding, and Scott Botsford from NorthMarq.
On the Map
$14,300,000
MultiFamily
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Players
Dubuque 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93