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241 Kellogg Boulevard East

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

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

241 Kellogg Boulevard East

$14,300,000

Building Size

Asset Type

MultiFamily

Closing

Apr 9, 2025

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:

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

Broker

$1B

vol

26 deals

Broker

Saint Paul 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