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.
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