Updated Oct 28, 2024
Monument Capital Management Acquires Multifamily Property In Plymouth, MN For $32.3M
3925 Lancaster Lane North, Plymouth, Minnesota 55441, United States
$32,300,000
Units
192
Asset Type
MultiFamily
Closing
Sep 15, 2022
About this deal
AI
The multifamily property located at 3925 Lancaster Lane North in Plymouth, MN has been sold. The transaction took place on September 16, 2022. The property consists of 192 units, with an average price per unit of $168,229. The total sale price for the property was $32,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,300,000
- Total Units: 192
- Price Per Unit: $168,229
- Address: 3925 Lancaster Lane North, Plymouth, MN
Monument Capital Management acted as the buyer in this transaction.
On the Map
$32,300,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93