Updated Oct 29, 2024
1500 Chenal Parkway LLC Acquires Multifamily Asset On Chenal Pkwy For $23.6M
15000 Chenal Parkway, Little Rock, Arkansas 72211, United States
$23,600,000
Units
176
Asset Type
MultiFamily
Closing
Dec 19, 2022
About this deal
AI
The multifamily property located at 15000 Chenal Pkwy in Little Rock, AR has been sold for a total price of $23,600,000. The property consists of 176 units, resulting in a per unit price of $134,091. This transaction took place on 12/19/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,600,000
- Address: 15000 Chenal Pkwy, Little Rock, AR
- Market: Little Rock, AR
- Buyer: 1500 Chenal Parkway LLC
- Seller: Wellington Acquisition LLC
- Units: 176
- Price Per Unit: $134,091
The buyer of the property is represented by 1500 Chenal Parkway LLC, while the seller is represented by Wellington Acquisition LLC.
Players
Little Rock 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93