Updated Oct 29, 2024
ColRich Acquires Seasons At Farmington Reserve Multifamily In Bend For $63.1M
61560 Aaron Way Bend, OR 97702, USA
$63,100,000
Units
228
Asset Type
MultiFamily
Closing
Aug 30, 2023
About this deal
AI
The Seasons at Farmington Reserve, a 228-unit multifamily property located at 61560 Aaron Way in Bend, Oregon, has been sold for $63.1 million. The property was acquired by ColRich, a San Diego developer, from Security Properties of Seattle.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $63,100,000
- Address: 61560 Aaron Way, Bend, OR
- Market: Bend, OR
- Buyer: ColRich
- Seller: Security Properties
- Units: 228
- Price Per Unit: $276,754
ColRich, known for its real estate developments in San Diego, has completed the purchase of the Seasons at Farmington Reserve. The acquisition of this multifamily property aligns with the company's strategic expansion plans.
Players
Quaker City 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93