Michael Duckler Of Greenstone Partners Represents Sale Of Lansing Multifamily Asset For $12.56M
18330 Torrence Avenue
$12,558,000
$113/SF
Building Size
110,400 SF
Asset Type
MultiFamily
Closing
Aug 7, 2026
AI
The property involved in this transaction is a multifamily asset located at 18330 Torrence Avenue in Lansing. The sale price for this asset was $12,558,000, and it encompasses a total square footage of 110,400, with a price per square foot of $113.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,558,000
- Address: 18330 Torrence Avenue
- Market: Lansing
- Square Footage: 110,400
- Price Per Square Foot: $113
- Broker: Michael Duckler - Greenstone Partners
The deal was represented by Michael Duckler from Greenstone Partners, highlighting the involvement of a professional brokerage firm in facilitating the transaction.
Players
Lansing 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93