facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

National

/

Multifamily

/

Sale

/

676 W Monument St, Colorado...

Updated Oct 9, 2024

Jeff Dimmen Of Capstone Companies Represents Buyer In $7.1M Sale At 676 W Monument St
SOLDMultiFamily

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

Pat Knowlton

Capstone Companies

Broker

$20.6M

vol

3 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

Visit Pat (Patrick) Knowlton to view all their deals.

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

More Deals