Inland Real Estate Group Acquires 306 Unit Multifamily Property In Wheaton For $101.2M
121 North Cross St.
$101,200,000
Units
306
Asset Type
MultiFamily
Closing
Dec 6, 2024
AI
The property asset involved in this transaction is a multifamily unit located at 121 North Cross St., Wheaton, IL. The transaction was completed for a total amount of $101,200,000.00, comprising 306 units within the asset.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $101,200,000.00
- Address: 121 North Cross St.
- Market: Wheaton, IL
- Units: 306
- Buyer: Inland Real Estate Group
- Seller: Connor Group
- Transaction Date: 12/06/2024
Inland Real Estate Group acted as the buyer in this transaction, while Connor Group served as the seller. The transaction was finalized on December 6, 2024, marking a key exchange within the multifamily market segment.
Players
Wheaton 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93