JLL Brokers Facilitate $120M Construction Loan For Multifamily In Phoenix, AZ
777 North Central Avenue
$120,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 21, 2024
AI
The property asset involved in the transaction is a Taco John’s-occupied restaurant property located at 4650 S. 5th St near Milwaukee International Airport. The sale, facilitated by Marcus & Millichap, amounted to $1.4 million with Carson Breshears and Hank Wolfer representing both the buyer and seller. Todd Lindblom oversaw the closing as the broker of record in Wisconsin.
Summary of transaction details:
- Property Type: Restaurant
- Transaction Amount: $1.4 million
- Address: 4650 S. 5th St
- Market: Milwaukee, WI
- Brokers: Carson Breshears, Hank Wolfer, Todd Lindblom - Marcus & Millichap
The key individuals and companies behind the deal are Marcus & Millichap, Carson Breshears, Hank Wolfer, and Todd Lindblom. The transaction involved the representation of both the buyer and seller, showcasing a successful closing orchestrated by these professionals.
Players
Chandler MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93