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Marcus & Millichap Sells Wentzville Multifamily Property For $5M With Ben Margalski & Aaron Kuroiwa - Marcus & Millichap
SOLD
Missouri
See Similar DealsMultiFamily
Sold 05/22/2023
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 DealsMultiFamily
Sold 05/22/2023
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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