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

Property Image
SOLD
$21,700,000
Matt Petersen
Sean Connelly

Illinois

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Sold 07/27/2022
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Property Image
SOLD

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

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

See Similar Deals
Sold 07/27/2022
Matt Petersen
Sean Connelly
the dealplayerscompscontact
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Summary

ILLINOIS
Transaction Type:Sale

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
Sean Connelly
9 deals$125.7M volume
BROKER
Matt Petersen
33 Realty
Matt Petersen
3 deals$46.7M volume
BROKER

Details

SOLD
IMAGE: Sean Connelly DATE: 07/27/2022 ADDRESS: 510-528 E. Bailey Rd., 1654-1674 Ishnala Dr. & 509-531 Kiowa Cir MARKET: Naperville ASSET TYPE: Condo BUYER: Bear Peak Capital BROKERS: Matt Petersen & Sean Connelly - 33 Realty SALE PRICE: $21,700,000 UNITS: 152 ~ PPU: $142,763

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,157,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$77,095.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,869.07
Annual Debt Service$1,234,428.85