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
Wheaton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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