Updated May 12, 2025
Nathan Landucci Of Donegan Apartments LLC Acquires Multifamily Property From Reuter Walton For $14.3M
241 Kellogg Boulevard East
$14,300,000
Units
93
Asset Type
MultiFamily
Closing
Apr 9, 2025
About this deal
AI
The transaction involved a multifamily property located at 241 Kellogg Boulevard East in Saint Paul, MN. The asset consists of 93 residential units and was sold for a total of $14,300,000. The price per unit is calculated at $153,763.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,300,000
- Units: 93
- Buyer: Nathan Landucci - Donegan Apartments LLC
- Seller: Reuter Walton
- Brokers: Adam Hayden, Dan Linnell & Mox Gunderson - Colliers
- Mortgage assumed: 4%
This off-market deal was facilitated by Colliers, where brokers Adam Hayden, Dan Linnell, and Mox Gunderson represented the interests of the seller, Reuter Walton. The buyer, Donegan Apartments LLC, is managed by Nathan Landucci.
On the Map
$14,300,000
MultiFamily
View full map
Players
Saint Paul MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Mox Gunderson to view all their deals.
Browse Saint Paul multifamily sales on Traded.
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