Jameson Commercial Real Estate Brokers $5.2M Multifamily Sale In Champaign, IL
2408 High View Court
$5,225,000
$79/SF
Building Size
65,784 SF
Asset Type
MultiFamily
Closing
Sep 12, 2023
AI
A multifamily property located at 2408 High View Court in Champaign, IL has been sold. The property consists of 85 units with a price per unit of $61,471. The total square footage of the property is 65,784, with a price per square foot of $79. The property was listed for an asking price of $5,500,000 and was ultimately sold for $5,225,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,225,000
- Address: 2408 High View Court, Champaign, IL
- Units: 85
- Price per Unit: $61,471
- Total Square Footage: 65,784
- Price per Square Foot: $79
The deal was facilitated by Marco Cesario, a broker from Jameson Commercial Real Estate. Marco represented the seller and played a key role in the transaction. Through his expertise and negotiation skills, the property was successfully sold at a favorable price.
Champaign MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.04%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93