Hayman Co. Purchases Property At 2800 Pontiac Ct In Aurora With Brokers Justin Puppi And John Jaeger
2800 Pontiac Ct, Aurora, IL, 60502
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The Aventine at Oakhurst North is a 464-unit apartment community located at 2800 Pontiac Ct, Aurora, IL, 60502. The property spans 28.5 acres and consists of 29 buildings. Built in 1999, it recently underwent significant renovations, including updates to the clubhouse, amenity spaces, repairs to major building systems, and a full renovation of approximately 40 percent of the unit interiors.
Summary of transaction details:
- Property Type: Apartment Community
- Transaction Amount: Undisclosed
- Address: 2800 Pontiac Ct, Aurora, IL, 60502
- Market: Aurora
- Seller's Representative: Justin Puppi-CBRE, Daniel "Dan" Cohen-CBRE, John Jaeger-CBRE
- Buyer: Hayman Co.
The sale was represented by Dan Cohen, John Jaeger, Justin Puppi, and Nisha Mishra from CBRE’s Chicago multifamily team, highlighting their role in facilitating the transaction for JVM Realty Corp., the seller involved in this deal.
Players
Aurora 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93