Updated Dec 21, 2023
Triad Real Estate Partners Brokers $16.8M Sale Of 180-Unit Multifamily In Peoria
6900 North Summershade Circle, Peoria, IL, USA
$16,800,000
$25,377/SF
Building Size
662 SF
Asset Type
MultiFamily
Closing
Dec 8, 2020
About this deal
AI
A multifamily property located at 6900 North Summershade Circle in Peoria has been sold for $16,800,000. The property consists of 180 units, with a price per unit of $93,333. The transaction took place on December 9, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,800,000
- Address: 6900 North Summershade Circle
- Market: Peoria
- Units: 180
- Price per Unit: $93,333
Triad Real Estate Partners served as the broker for this sale. Shaun Buss, Ryan Tobias, and Sean Lyons were involved in the transaction as representatives.
Players
Peoria 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93