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2800 Pontiac Ct, Aurora, IL...

Hayman Co. Purchases Property At 2800 Pontiac Ct In Aurora With Brokers Justin Puppi And John Jaeger
SOLDMultiFamily

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

Daniel Cohen

Broker

$394.6M

vol

8 deals

Broker

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