Updated Jan 31, 2025
Western National Group Acquires Multifamily Property At 21041 Osterman Rd For $56.25M
21041 Osterman Rd
$56,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 1, 2018
About this deal
AI
The asset involved in the transaction is a MultiFamily property located at 21041 Osterman Rd in Lake Forest. The transaction was executed at a price of $56,250,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $56,250,000.00
- Address: 21041 Osterman Rd
- Market: Lake Forest
- Broker: Derrek Ostrzyzek (CBRE)
- Buyer: Western National Group
Derrek Ostrzyzek from CBRE represented the seller in this transaction, facilitating the deal for the buyer, Western National Group. The transaction was finalized on September 1, 2018.
On the Map
$56,250,000
MultiFamily
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Players
Lake Forest 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93