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BH Equities Acquires Multifamily Property In Naperville, IL For $103M

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SOLD
$103,000,000

Illinois

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MultiFamily
Sold 07/01/2021
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Property Image
SOLD

BH Equities Acquires Multifamily Property In Naperville, IL For $103M

2604 Rockport Lane, Naperville, IL 60564

See Similar Deals
MultiFamily
Sold 07/01/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 2604 Rockport Ln in Naperville, IL has been sold for a price of $103,000,000. The transaction took place on 07/01/2021. The property consists of 321 units, resulting in a price per unit of $320,872. The buyer of the property is BH Equities, while the seller is The Connor Group represented by Bob Lloyd.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $103,000,000
  • Address: 2604 Rockport Ln
  • Market: Naperville, IL
  • Units: 321
  • Price per Unit: $320,872

The buyer, BH Equities, acquired the property from The Connor Group, represented by Bob Lloyd. This transaction highlights the active real estate market in Naperville, IL, and demonstrates the ongoing demand for multifamily properties in the area.

Players

BUYER

2 deals$160.5M volume
SELLER

Details

SOLD
IMAGE: Bob Lloyd DATE: 07/01/2021 ADDRESS: 2604 Rockport Ln MARKET: Naperville, Il ASSET TYPE: Multifamily BUYER: BH Equities SELLER: The Connor Group - Bob Lloyd SALE PRICE: $103,000,000 UNITS: 321 ~ PPU: $320,872

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$365,937.26
Cash-on-Cash Return-1.27%
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