Pensam Capital Acquires Multifamily Asset In Aurora For $83.8M From Seller Tony Rossi & Tom Moran
2288 Oakmeadow Drive, Aurora, IL 60502
$83,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 14, 2021
AI
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.
Players
Aurora 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93