FPA Multifamily Acquires Huntington Apartments In Naperville From Rockwell Partners For $68M
20 Naper Boulevard
$68,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 10, 2025
AI
The 356-unit Huntington Apartments located at 20 South Naper Boulevard in Naperville, a multifamily asset, was sold for $68 million. FPA Multifamily acquired the property, assuming a $39.8 million mortgage at a sub-3.6% interest rate amidst strong suburban rental demand and favorable tax conditions in DuPage County.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $68,000,000
- Units: 356
- Price Per Unit: $191,011
- Buyer: Greg Fowler - FPA Multifamily
- Seller: Jason Fishleder - Rockwell Partners
- Brokers: Chuck Johanns, Elizabeth Gagliardi & Susan Lawson - Newmark
This transaction highlights key players in the multifamily real estate market, with Greg Fowler representing FPA Multifamily and Jason Fishleder representing Rockwell Partners in the deal. The brokerage team from Newmark, including Chuck Johanns, Elizabeth Gagliardi, and Susan Lawson, facilitated this significant transaction in the Naperville market.
Players
Naperville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93