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Marcus & Millichap Sells Wentzville Multifamily Property For $5M With Ben Margalski & Aaron Kuroiwa - Marcus & Millichap

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SOLD
$5,000,000

Missouri

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MultiFamily
Sold 05/22/2023
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Property Image
SOLD

Marcus & Millichap Sells Wentzville Multifamily Property For $5M With Ben Margalski & Aaron Kuroiwa - Marcus & Millichap

601 Scotti Lane Wentzville, Missouri 63385, USA

See Similar Deals
MultiFamily
Sold 05/22/2023
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Summary

MISSOURI
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 601 Scotti Lane in Wentzville, MO has been sold. The transaction was facilitated by Ben Margalski and Aaron Kuroiwa of Marcus & Millichap.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $5,000,000
  • Units: 40
  • Price Per Unit (PPU): $125,000

This sale represents a significant investment in the Wentzville market. The property offers 40 units with an average price per unit of $125,000. The transaction was made possible through the expertise of Ben Margalski and Aaron Kuroiwa from Marcus & Millichap.

Players

Aaron Kuroiwa
10 deals$111.5M volume
BROKER

Ben Margalski
Marcus & Millichap
1 deal$5M volume(314) 889-2557
BROKER

Details

SOLD
IMAGE: Ben Margalski & Aaron Kuroiwa DATE: 05/22/2023 ADDRESS: 601 Scotti Lane MARKET: Wentzville, MO ASSET TYPE: Multifamily BROKERS: Ben Margalski & Aaron Kuroiwa - Marcus & Millichap SALE PRICE: $5,000,000 UNITS: 40 ~ PPU: $125,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
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