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Alliant Strategic Investments & Nuveen Real Estate Acquire Multifamily Property In Bolingbrook, Illinois For $93.5M

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SOLD
$93,500,000

Illinois

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MultiFamily862 SF
Sold 05/03/2021
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Property Image
SOLD

Alliant Strategic Investments & Nuveen Real Estate Acquire Multifamily Property In Bolingbrook, Illinois For $93.5M

308 Woodcreek Drive, Bolingbrook, IL, USA

See Similar Deals
MultiFamily862 SF
Sold 05/03/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$108,468
Total Square Footage:862 SF
Transaction Type:Sale

Located at 308 Woodcreek Dr in Bolingbrook, Illinois, this multifamily property was recently sold in a closed transaction. The property consists of 789 units and was sold for a total price of $93,500,000. This amounts to a per unit price of $118,504. The transaction took place on May 3, 2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $93,500,000
  • Units: 789
  • Price Per Unit: $118,504
  • Address: 308 Woodcreek Dr, Bolingbrook, IL
  • Market: Bolingbrook, IL

Alliant Strategic Investments and Nuveen Real Estate were the buyers of this property, while Jackson Square Properties acted as the seller. The deal was facilitated by JLL Capital Markets, with Doug Childers, Marty O’Connell, and Michael Fox representing the buyers and sellers. Marty O’Connell, Doug Childers, and Michael Fox are all agents from JLL Capital Markets.

Players

Doug Childers
2 deals$107.5M volume
BROKER

Marty O'Connell
JLL
4 deals$187M volume
BROKER

Michael Fox
JLL
1 deal$93.5M volume
BROKER

Nuveen
BUYER



Nuveen
LENDER

Details

SOLD
IMAGE: Marty O’Connell, Doug Childers & Michael Fox DATE: 05/03/2021 ADDRESS: 308 Woodcreek Dr MARKET: Bolingbrook, Il ASSET TYPE: Multifamily BUYER: Alliant Strategic Investments & Nuveen Real Estate SELLER: Jackson Square Properties BROKERS: Doug Childers, Marty O’Connell & Michael Fox - JLL Capital Markets PRICE: $93,500,000 UNITS: 789 ~ PPU: $118,504

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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)-$332,185.74
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