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1800 Light Road

Iman Jalali's Bear Peak Capital Sells 168-Unit Multifamily In Oswego, IL For $22M
SOLDMultiFamily

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

Ryan Engle

Marcus & Millichap

Broker

$80.1M

vol

21 deals

Broker

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