Multifamily Property In Burbank, IL Sells For $14.6M By Anthony Spangler, Andrew O'Connell, & John Przybyla
SOLD
$14,637,000
Illinois
See Similar DealsMultiFamily160,736 SF
Sold 12/21/2020
SOLD
Multifamily Property In Burbank, IL Sells For $14.6M By Anthony Spangler, Andrew O'Connell, & John Przybyla
97 Pinehurst Court, Burbank, IL, USA
See Similar DealsMultiFamily160,736 SF
Sold 12/21/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$91
Total Square Footage:160,736 SF
Transaction Type:Sale
A multifamily property located at 97 Pinehurst Court in Burbank, IL has been sold for $14,637,000. The transaction took place on December 21, 2020. The property consists of 173 units, with a price per unit (PPU) of $84,607. The property was sold at a cap rate of 6.8%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,637,000
- Units: 173
- Price per Unit (PPU): $84,607
- Cap Rate: 6.8%
The sale of this multifamily property was facilitated by brokers Anthony Spangler, Andrew O'Connell, and John Przybyla.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$780,640.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,002.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,386.85
Annual Debt Service$832,642.17
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