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1005 North Park Forest Drive

Ross McCarthur Of Follow The Deal Investments Acquires Park Forest Apartments For $4.9M
SOLDMultiFamily

Ross McCarthur Of Follow The Deal Investments Acquires Park Forest Apartments For $4.9M

1005 North Park Forest Drive

$4,900,000

Building Size

Asset Type

MultiFamily

Closing

Aug 26, 2025

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.

Players

Kyle Stengle

Marcus & Millichap

Broker

$198.4M

vol

44 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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