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121 North Cross Street

Mark Cosenza And Brett Smith Acquire 306-Unit Multifamily Property In Wheaton, Illinois
SOLDMultiFamily

Mark Cosenza And Brett Smith Acquire 306-Unit Multifamily Property In Wheaton, Illinois

121 North Cross Street

Building Size

Asset Type

MultiFamily

Closing

Feb 5, 2025

AI

The property asset involved in the transaction is a multifamily property located at 121 North Cross Street in Wheaton, Illinois. The asset comprises 306 units and has a current occupancy rate of 94%. This multifamily property is positioned in a market known for its well-located amenities and accessibility to transit options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 121 North Cross Street
  • Market: Wheaton
  • Units: 306
  • Buyer: Mark Cosenza & Brett Smith - Inland Real Estate Acquisition

The transaction was handled by Mark Cosenza and Brett Smith, who represent Inland Real Estate Acquisition. This acquisition contributes to Inland's growing portfolio of multifamily assets strategically located near transportation and local amenities.

Players

Mark Cosenza

Inland Real Estate Acquisitions LLC

Broker

$131.5M

vol

2 deals

Broker
Inland Real Estate Acquisitions LLC
Inland Real Estate Acquisitions LLCBrokerage

Wheaton 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93