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
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.
Players
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