Updated Aug 28, 2025
Ross McCarthur Of Follow The Deal Investments Acquires Park Forest Apartments For $4.9M
1005 North Park Forest Drive
$4,900,000
Units
64
Asset Type
MultiFamily
Closing
Aug 26, 2025
About this deal
AI
Park Forest Apartments is a 64-unit multifamily property located at 1005 North Park Forest Drive in Marion, IN. The property was sold for a transaction amount of $4,900,000, resulting in a price per unit of $76,563.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,900,000
- Units: 64
- Address: 1005 North Park Forest Drive
- Market: Marion, IN
- Buyer: Ross McCarthur - Follow The Deal Investments
- Seller: Pentagon Investment Group
- Brokers: Quentin Benedetto, Kyle Stengle & Jack Stanton - Marcus & Millichap
Quentin Benedetto, Kyle Stengle, and Jack Stanton represented the seller, Pentagon Investment Group, and successfully sourced the buyer, Ross McCarthur, of Follow The Deal Investments for this transaction.
On the Map
$4,900,000
MultiFamily
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Players
Marion 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93