Updated Oct 9, 2024
Jeff Dimmen Of Capstone Companies Represents Buyer In $7.1M Sale At 676 W Monument St
676 W Monument St, Colorado Spring...
$7,100,000
Units
20
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
The Gabion Apartments, a multifamily building located at 676 W Monument St, Colorado Springs, was sold for $7,100,000.00. The property consists of 20 units and was built in 2015. At the time of the sale, the property was fully leased, providing a stable rental income.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,100,000.00
- Address: 676 W Monument St, Colorado Springs
- Buyer’s Representative: Jeff Dimmen - Capstone Companies
- Seller’s Representative: Pat Knowlton - Capstone Companies
- Buyer: Undisclosed
- Seller: Undisclosed
- Square Footage: 0
The transaction was facilitated by Capstone, which played a crucial role in connecting the undisclosed buyer and seller. Jeff Dimmen represented the buyer, while Pat Knowlton represented the seller in this deal, showcasing the firm’s capacity in managing multifamily property transactions in the Colorado Springs area.
Players
Market 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93