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41140 Canton Court, Canton,...

The GSH Group Acquires Multifamily Property In Canton & Farmington Hills, Michigan For $200M
SOLDMultiFamily

The GSH Group Acquires Multifamily Property In Canton & Farmington Hills, Michigan For $200M

41140 Canton Court, Canton, Michigan 48188, United States

$200,000,000

Building Size

Asset Type

MultiFamily

Closing

Feb 7, 2022

AI

The GSH Group, represented by Gideon Pfeffer, has purchased a multifamily property located at 41140 Canton Ct & Vista Drive in Canton & Farmington Hills, Michigan. The transaction was closed on February 8, 2022, for a total sale price of $200,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $200,000,000
  • Market: Canton & Farmington Hills, Michigan
  • Buyer: The GSH Group - Gideon Pfeffer
  • Address: 41140 Canton Ct & Vista Drive
  • Representative: Gideon Pfeffer

Gideon Pfeffer, representing The GSH Group, played a key role in the successful acquisition of this multifamily property in Canton & Farmington Hills, Michigan. The deal demonstrates the active nature of the real estate market in this area and the confidence of both the buyer and the seller in the potential of this asset.

Players

Gideon Pfeffer

The GSH Group

Buyer

$262.8M

vol

2 deals

Buyer

Canton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93