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
Bolingbrook 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93