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Nathan Landucci Of Donegan Apartments LLC Acquires Multifamily Property From Reuter Walton For $14.3M

Property Image
SOLD
$14,300,000
Mox Gunderson
Dan Linnell
AH

Minnesota

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MultiFamily
Sold 04/09/2025
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Property Image
SOLD

Nathan Landucci Of Donegan Apartments LLC Acquires Multifamily Property From Reuter Walton For $14.3M

241 Kellogg Boulevard East

See Similar Deals
MultiFamily
Sold 04/09/2025
Mox Gunderson
Dan Linnell
AH
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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.

Players

Mox Gunderson
Colliers
Mox Gunderson
26 deals$1B volume
BROKER
Dan Linnell
Colliers
Dan Linnell
24 deals$924.2M volume
BROKER
AH
Colliers
Adam Hayden
1 deal$14.3M volume
BROKER

Details

SOLD
IMAGE: 04/09/2025 ADDRESS: 241 Kellogg Boulevard East MARKET: Saint Paul, MN ASSET TYPE: Multifamily BUYER: Nathan Landucci - Donegan Apartments LLC SELLER: Reuter Walton BROKERS: Adam Hayden, Dan Linnell & Mox Gunderson - Colliers SALE PRICE: $14,300,000 UNITS: 93 ~ PPU: $153,763 NOTE: Reuter Walton sold The Donegan, a 93-unit apartment building in St. Paul’s Lowertown, to Donegan Apartments LLC for $14.3 million in an off-market deal. The buyer, managed by Nathan Landucci, assumed a 4% mortgage; Colliers brokered the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$762,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55