Updated Oct 28, 2024
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
About this deal
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.
On the Map
$200,000,000
MultiFamily
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Canton 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93