Updated Oct 29, 2024
Pantzer Properties Inc. Acquires Multifamily Asset In Wrentham, MA For $84.5M
50 Ledgeview Way, Wrentham
$84,500,000
$56,220/SF
Building Size
1,503 SF
Asset Type
MultiFamily
Closing
Mar 9, 2021
About this deal
AI
The multifamily property located at 50 Ledgeview Way in Wrentham, MA was recently sold for a total price of $84,500,000. The property consists of 240 units, resulting in a per-unit price of $352,083. The transaction took place on 03/10/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $84,500,000
- Units: 240
- Price Per Unit: $352,083
- Seller: Crow Holdings
- Buyer: Pantzer Properties Inc.
- Market: Wrentham, MA
Crow Holdings acted as the seller in this transaction, while Pantzer Properties Inc. emerged as the buyer. This deal marks the successful negotiation between both parties, resulting in the transfer of ownership for the aforementioned multifamily property.
Players
Wrentham 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93