Mesirow Acquires Multifamily In Glenview For $88M
SOLD
$88,000,000
Illinois
See Similar DealsMultiFamily
Sold 09/16/2022
SOLD
Mesirow Acquires Multifamily In Glenview For $88M
195 Waukegan Road, Glenview, Illinois 60025, United States
See Similar DealsMultiFamily
Sold 09/16/2022
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.
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Deal Type
30 years
10 years
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
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