Updated Oct 28, 2024
Bender Companies Acquires Burbank Multifamily From Advantage Management For $20.5M
97 Pinehurst Court, Burbank, Illinois 60459, United States
$20,500,000
Units
173
Asset Type
MultiFamily
Closing
Jul 10, 2022
About this deal
AI
The multifamily property located at 97 Pinehurst Ct in Burbank has been sold. The transaction was completed on 07/11/2022, with a sale price of $20,500,000. The property consists of 173 units, resulting in a price per unit of $118,497. The buyer of the property was Bender Companies, represented by Kurt Bender. The seller was Advantage Management.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,500,000
- Units: 173
- Price Per Unit: $118,497
- Buyer: Bender Companies - Kurt Bender
- Seller: Advantage Management
- Market: Burbank
The buyer, represented by Kurt Bender from Bender Companies, acquired the multifamily property from Advantage Management. The transaction represents a significant investment in the Burbank market.
On the Map
$20,500,000
MultiFamily
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Burbank 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93