Iman Jalali's Bear Peak Capital Sells 168-Unit Multifamily In Oswego, IL For $22M
1800 Light Road
$22,000,000
$47/SF
Building Size
466,527 SF
Asset Type
MultiFamily
Closing
Feb 1, 2024
AI
A multifamily property located at 1800 Light Road in Oswego, IL has been sold for $22,000,000. The property consists of 168 units, with an average price per unit of $130,952. The total square footage of the property is 466,527, with a price per square foot of $47.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Units: 168
- Price per Unit: $130,952
- Square Footage: 466,527
- Price per Square Foot: $47
- Address: 1800 Light Road, Oswego, IL
- Market: Oswego, IL
The seller of the property was Iman Jalali, representing Bear Peak Capital. The transaction was facilitated by the broker Ryan Engle from Marcus & Millichap.
Players
Oswego 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93