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308 Woodcreek Drive, Boling...

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

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

308 Woodcreek Drive, Bolingbrook, IL, USA

$93,500,000

$108,468/SF

Building Size

862 SF

Asset Type

MultiFamily

Closing

May 2, 2021

AI

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

JLL

Broker

$107.5M

vol

2 deals

Broker
Nuveen
NuveenBuyer
JP
Jackson Square PropertiesSeller
Nuveen
NuveenLender

Bolingbrook MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93