Updated Dec 4, 2024
Community Preservation Partners And The Hampstead Cos Acquire Skyline View Apartments For $22M In Layton, UT
443 North Fairfield Road, 448 North Fairfield Road & 430 North Fairfield Road
$22,000,000
Units
112
Asset Type
MultiFamily
Closing
Oct 16, 2023
About this deal
AI
The 112-unit Skyline View Apartments in Layton, Utah have been acquired by Community Preservation Partners and The Hampstead Cos. for $22 million. This affordable community was purchased from Steve Barlow, the owner of Barlow Corp.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Address: 443, 448 & 430 North Fairfield Road, Layton, UT
- Market: Layton, UT
- Buyer: Michael Snowdon - Community Preservation Partners & Greg Gossard - The Hampstead Cos
- Seller: Steve Barlow - Barlow Corp
Community Preservation Partners and The Hampstead Cos. have successfully completed the acquisition of the Skyline View Apartments. The transaction was facilitated by Michael Snowdon and Greg Gossard, representatives of the buyer. The deal was financed by Utah Housing Corp and KeyBank.
Players
Layton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Layton multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93