Flagship Communities REIT Acquires 231-Unit Mobile Home In Springfield For $16.3M
3500 North Dirksen Parkway, Springfield, IL, USA
$16,300,000
$9,702/SF
Building Size
1,680 SF
Asset Type
Other
Closing
Sep 22, 2021
About this deal
AI
The sale of a mobile home asset located at 3500 N. Dirksen Parkway in Springfield has been successfully closed. The property spans across 50 acres and was sold by Ronald Coleman.
Summary of transaction details
- Property Type: Mobile Home
- Transaction Amount: $16,300,000
- Address: 3500 N. Dirksen Parkway
- Market: Springfield
- Units: 231
- Price per Unit: $70,563
Flagship Communities REIT emerged as the buyer in this transaction. The deal was facilitated by Mike Nissley from Colliers International, representing both the buyer and the seller, Ronald Coleman.
Players
Springfield Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $9.7K per square foot on a published $16.3M for 1,680 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93