Pensam Capital Acquires Multifamily Asset In Aurora For $83.8M From Seller Tony Rossi & Tom Moran
SOLD
$83,800,000
Illinois
See Similar DealsMultiFamily
Sold 12/14/2021
SOLD
Pensam Capital Acquires Multifamily Asset In Aurora For $83.8M From Seller Tony Rossi & Tom Moran
2288 Oakmeadow Drive, Aurora, IL 60502
See Similar DealsMultiFamily
Sold 12/14/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2288 Oakmeadow Drive in Aurora has been sold in a recent transaction. The sale was facilitated by Berkadia, a prominent brokerage firm in the real estate industry.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $83,800,000
- Number of Units: 336
- Price per Unit: $249,404
- Market: Aurora
Pensam Capital, represented by Michael Stein, acquired the property from Tony Rossi and Tom Moran. Pensam Capital is a notable buyer in the real estate market, while Tony Rossi and Tom Moran acted as the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,469,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$297,723.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$397,254.75
Annual Debt Service$4,767,057.03
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