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2408 High View Court

Jameson Commercial Real Estate Brokers $5.2M Multifamily Sale In Champaign, IL
SOLDMultiFamily

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.

Players

Marco Cesario

Jameson Commercial

Broker

$19.8M

vol

4 deals

Broker

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