JVM Realty Acquires Multifamily Property In Romeoville For $71.5M
501 S Weber Rd, Romeoville, IL 60446
$71,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 12, 2022
AI
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
Romeoville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93