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Willow Creek Lane

Clk Properties Purchases Multifamily Asset In Jonesboro Arkansas For $13.57M With Hannah Howard As The Broker
SOLDMultiFamily

Clk Properties Purchases Multifamily Asset In Jonesboro Arkansas For $13.57M With Hannah Howard As The Broker

Willow Creek Lane

$11,300

$4/SF

Building Size

2,500 SF

Asset Type

MultiFamily

Closing

Apr 29, 2025

AI

The asset involved in this transaction is a multifamily property located at 2619 Glenn Place in Jonesboro, Arkansas. The sale was completed at a transaction amount of $13,566,000, which corresponds to 130 units and a price per unit of $104,354. The building encompasses a total square footage of 2,500, equating to a price per square foot of $5,426.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,566,000
  • Units: 130
  • Price Per Unit: $104,354
  • Square Footage: 2,500
  • Price Per Square Foot: $5,426
  • Buyer: Clk Properties
  • Broker: Hannah Howard - Hannah Howard Advisory
  • Date of Transaction: 4/30/2025

This transaction involved Clk Properties as the buyer, represented by broker Hannah Howard from Hannah Howard Advisory, who facilitated the sale process for this multifamily asset in the Jonesboro market.

Players

Hannah Howard

Hannah Howard Advisory

Broker

$490M

vol

16 deals

Broker
CP
CLK PropertiesBuyer

Jonesboro 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

1403.81%

Cash-on-Cash

-401.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93