facebook
Traded Co logo
Submit

JVM Realty Acquires Multifamily Property In Romeoville For $71.5M

Property Image
SOLD
$71,500,000
Kevin Girard
Wick Kirby
Amanda Friant
+ 1

Illinois

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

JVM Realty Acquires Multifamily Property In Romeoville For $71.5M

501 S Weber Rd, Romeoville, IL 60446

See Similar Deals
MultiFamily
Sold
Kevin Girard
Wick Kirby
Amanda Friant
+ 1
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 501 South Weber Road in Romeoville was recently sold for $71,500,000. The transaction took place on 12/01/2022, and the sale involved the buyer JVM Realty, represented by Jay Madary, and the seller Fiduciary Real Estate Development, represented by Steve Bersell. The property is situated in the Romeoville market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $71,500,000
  • Address: 501 South Weber Road
  • Market: Romeoville

The deal was facilitated by brokers Wick Kirby, Amanda Friant, and Kevin Girard from JLL.

Players

Wick Kirby
JLL
Wick Kirby
3 deals$141.9M volume
BROKER
Amanda Friant
JLL
Amanda Friant
4 deals$157.4M volume
BROKER
Kevin Girard
JLL
Kevin Girard
19 deals$1.6B volume
BROKER
JM
Jay Madary
4 deals$288.3M volume
BUYER

Details

SOLD
IMAGE: Wick Kirby, Steve Bersell, Kevin Girard, Jay Madary & Amanda Friant DATE: 12/01/2022 ADDRESS: 501 South Weber Road MARKET: Romeoville ASSET TYPE: Multifamily BUYER: JVM Realty - Jay Madary SELLER: Fiduciary Real Estate Development (@TheFiduciaryDifference) - Steve Bersell BROKERS: Wick Kirby, Amanda Friant (@AFriant1) & Kevin Girard - JLL (@JLL) SALE PRICE: $71,500,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,813,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$254,024.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$338,946.48
Annual Debt Service$4,067,357.73