Willows: Sold for $13.M
Author: Diana Heeb Bivona
Built in 2003, the 98-unit Willows at Lone Mountain apartment complex recently sold to an investor for $13.08M, or $133,500 per unit. It sold with a 5.75% cap rate. The two-story, 101,660 square foot complex sits on 4.7 acres and is comprised of 16 one-bed/one-bath units, 50 two-bed/two-bath units, and 32 three-bed/two-bath units.