Updated Oct 28, 2024
Beitel Group Acquires Rolling Meadows Multifamily For $111M
4700 Arbor Dr Rolling Meadows, IL 60008
$111,000,000
Units
662
Asset Type
MultiFamily
Closing
Mar 31, 2022
About this deal
AI
The multifamily property located at 4700 Arbor Drive in Rolling Meadows has been sold. The transaction took place on April 1, 2022, and was represented by Greg Fowler, as seen on Instagram by Beitel Group and FPA Multifamily. The property consists of 662 units, with a per unit price of $167,674, resulting in a total sale price of $111,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $111,000,000
- Units: 662
- Price per Unit: $167,674
The buyer in this transaction is Beitel Group, while FPA Multifamily is the seller, represented by Greg Fowler. This significant deal showcases the investment activity in the Rolling Meadows market.
Players
Rolling Meadows 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93