Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Terre Haute Multifamily Property For $50.3M
100 Village Drive, Terre Haute, Indiana, USA
$50,300,000
$114/SF
Building Size
438,368 SF
Asset Type
MultiFamily
Closing
Aug 18, 2021
About this deal
AI
A multifamily property located at 100 Village Drive in Terre Haute, Indiana, has been sold for a total of $50,300,000. The property consists of 544 units, with a price per unit (PPU) of $92,463. The total square footage of the property is 438,368, with a price per square foot (PPSF) of $115. The sale was facilitated by Aaron Kuroiwa and Austin Meeker, brokers from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $50,300,000
- Units: 544
- Price per Unit: $92,463
- Square Footage: 438,368
- Price per Square Foot: $115
Aaron Kuroiwa and Austin Meeker, representing Marcus & Millichap, were the brokers involved in this transaction. Their expertise and negotiation skills contributed to the successful sale of this multifamily property in Terre Haute, Indiana.
On the Map
$50,300,000
$114/SF
MultiFamily
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Terre Haute 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93