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Pensam Capital Acquires Multifamily Asset In Aurora For $83.8M From Seller Tony Rossi & Tom Moran

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SOLD
$83,800,000

Illinois

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MultiFamily
Sold 12/14/2021
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Property Image
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 Deals
MultiFamily
Sold 12/14/2021
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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.

Players

Michael Stein
5 deals$96.9M volume
BUYER

Details

SOLD
IMAGE: Michael Stein DATE: 12/14/2021 ADDRESS: 2288 Oakmeadow Drive MARKET: Aurora ASSET TYPE: Multifamily BUYER: Pensam Capital - Michael Stein SELLER: Tony Rossi & Tom Moran BROKER: Berkadia SALE PRICE: $83,800,000 UNITS: 336 ~ PPU: $249,404

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

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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
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