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440 Gregory Avenue, Glendal...

Updated Oct 28, 2024

Turner Impact Capital Acquires Multifamily Property In Glendale Heights For $137M
SOLDMultiFamily

Turner Impact Capital Acquires Multifamily Property In Glendale Heights For $137M

440 Gregory Avenue, Glendale Heights, Illinois 60139, United States

$137,000,000

$851/SF

Building Size

160,950 SF

Asset Type

MultiFamily

Closing

Feb 1, 2022

About this deal

AI

Tuner Impact Capital, led by Bobby Turner, has acquired a multifamily property located at 440 Gregory Ave in Glendale Heights. The transaction, completed on February 1, 2022, involved the sale of the property by Rockwell Property, represented by Doug Fisher.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $137,000,000
  • Address: 440 Gregory Ave
  • Market: Glendale Heights
  • Buyer: Turner Impact Capital - Bobby Turner
  • Seller: Rockwell Property - Doug Fisher
  • Units: 1,155
  • Price Per Unit (PPU): $118,615

The sale of this multifamily property marks a significant transaction in Glendale Heights. Turner Impact Capital, under the leadership of Bobby Turner, successfully acquired the property from Rockwell Property, represented by Doug Fisher. With a total of 1,155 units, the property offers ample residential options. The transaction took place for a total amount of $137,000,000, with a price per unit of $118,615.

On the Map

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$137,000,000

$851/SF

MultiFamily

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Players

TC
Turner Impact CapitalBuyer
RP
Rockwell PropertySeller
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Glendale Heights MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $851 per square foot on a published $137M for 160,950 square feet (2022).

Browse Illinois multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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