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Mesirow Acquires Multifamily In Glenview For $88M

Property Image
SOLD
$88,000,000

Illinois

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MultiFamily
Sold 09/16/2022
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Property Image
SOLD

Mesirow Acquires Multifamily In Glenview For $88M

195 Waukegan Road, Glenview, Illinois 60025, United States

See Similar Deals
MultiFamily
Sold 09/16/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 195 Waukegan Rd in Glenview has been sold for a price of $88,000,000. The transaction took place on 09/16/2022. The property consists of 239 units, making the price per unit $368,201.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $88,000,000
  • Address: 195 Waukegan Rd
  • Market: Glenview

Mesirow represented the buyer in this deal. Natalie A. Brown from Mesirow served as the buyer's representative.

Players

Natalie Brown
5 deals$403.6M volume
BUYER

Details

SOLD
IMAGE: Natalie A. Brown DATE: 09/16/2022 ADDRESS: 195 Waukegan Rd MARKET: Glenview ASSET TYPE: Multifamily BUYER: Mesirow (@MesirowFinancial) - Natalie A. Brown SALE PRICE: $88,000,000 UNITS: 239 ~ PPU: $368,201

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$312,645.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$417,164.90
Annual Debt Service$5,005,978.75