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510 East Bailey Road, Naper...

Bear Peak Capital Acquires Condo Complex In Naperville For $21.7M
SOLD

Bear Peak Capital Acquires Condo Complex In Naperville For $21.7M

510 East Bailey Road, Naperville, Illinois 60565, United States

$21,700,000

Building Size

Asset Type

Closing

Jul 26, 2022

AI

A total of 152 condos located at 510-528 E. Bailey Rd., 1654-1674 Ishnala Dr., and 509-531 Kiowa Cir in Naperville have been sold for a staggering price of $21,700,000. The buyer of this property asset is Bear Peak Capital. The transaction was facilitated by the brokers Matt Petersen and Sean Connelly from 33 Realty. The units had an average price per unit (PPU) of $142,763.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $21,700,000
  • Market: Naperville
  • Address: 510-528 E. Bailey Rd., 1654-1674 Ishnala Dr., and 509-531 Kiowa Cir
  • Buyer: Bear Peak Capital
  • Brokers: Matt Petersen & Sean Connelly - 33 Realty
  • Units: 152
  • Price per Unit (PPU): $142,763

This transaction marks a significant deal in the real estate market of Naperville. The involvement of Bear Peak Capital as the buyer and the expertise of brokers Matt Petersen and Sean Connelly from 33 Realty highlights the importance of this deal in the local real estate industry.

Players

Sean Connelly

33 Realty

Broker

$125.7M

vol

9 deals

Broker

Naperville CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93