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SR Jacobson Development Corp Sells Naperville Multifamily For $18.55M With Brokers Justin Ross & David Guenther - CBRE

Property Image
SOLD
$18,550,000

Illinois

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MultiFamily1,370 SF
Sold 12/18/2020
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Property Image
SOLD

SR Jacobson Development Corp Sells Naperville Multifamily For $18.55M With Brokers Justin Ross & David Guenther - CBRE

4209 Pond Willow Road, Naperville, IL, USA

See Similar Deals
MultiFamily1,370 SF
Sold 12/18/2020
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$13,540
Total Square Footage:1,370 SF
Transaction Type:Sale

The multifamily property located at 4209 Pond Willow Road in Naperville has been sold for a price of $18,550,000. This transaction took place on December 18, 2020. The property consists of 60 units, resulting in a price per unit of $309,167.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $18,550,000
  • Address: 4209 Pond Willow Road, Naperville
  • Market: Naperville
  • Seller: S.R. Jacobson - S.R. Jacobson Development Corp
  • Brokers: Justin Ross & David Guenther - CBRE

S.R. Jacobson Development Corp, represented by S.R. Jacobson, was the seller of the property. The buyer was not mentioned in the available information. The sale was facilitated by brokers Justin Ross and David Guenther from CBRE.

Players

Justin Ross
4 deals$44.2M volume
BROKER

David Guenther
CBRE
1 deal$18.6M volume
BROKER

Details

SOLD
IMAGE: Justin Ross & David Guenther⁠ DATE: 12/18/2020⁠ ADDRESS: 4209 Pond Willow Road⁠ MARKET: Naperville⁠ ASSET TYPE: Multifamily⁠ ⁠ SELLER: S.R. Jacobson - S.R. Jacobson Development Corp⁠ BROKERS: Justin Ross & David Guenther - CBRE⁠ ⁠ PRICE: $18,550,000⁠ UNITS: 60 ~ PPU: $309,167

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$989,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,904.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,936.46
Annual Debt Service$1,055,237.57