Marcus & Millichap Brokers Sell Terre Haute Multifamily Property For $50.3M
SOLD
$50,300,000
Indiana
See Similar DealsMultiFamily438,368 SF
Sold 08/18/2021
SOLD
Marcus & Millichap Brokers Sell Terre Haute Multifamily Property For $50.3M
100 Village Drive, Terre Haute, Indiana, USA
See Similar DealsMultiFamily438,368 SF
Sold 08/18/2021
Summary
INDIANA
Asset Type:MultiFamily
Price Per Square Foot:$114
Total Square Footage:438,368 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,682,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$178,705.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$238,447.66
Annual Debt Service$2,861,371.94
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