The GSH Group Acquires Multifamily Property In Canton & Farmington Hills, Michigan For $200M
SOLD
$200,000,000
Michigan
See Similar DealsMultiFamily
Sold 02/08/2022
SOLD
The GSH Group Acquires Multifamily Property In Canton & Farmington Hills, Michigan For $200M
41140 Canton Court, Canton, Michigan 48188, United States
See Similar DealsMultiFamily
Sold 02/08/2022
Summary
MICHIGAN
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$710,557.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$948,102.04
Annual Debt Service$11,377,224.42
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