Updated Oct 29, 2024
The Reliant Group Purchases MultiFamily Property In Saint Charles For $71M
3008 Pilgrims Square, Saint Charles...
$71,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 9, 2018
About this deal
AI
The property at 3008 Pilgrims Square in Saint Charles, a Multifamily asset, was recently involved in a closed transaction on October 9, 2018. The property was sold for an impressive price of $71,000,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $71,000,000.00
- Address: 3008 Pilgrims Square, Saint Charles
- Seller's Representative: Mike Muldowney (CBRE)
- Buyer: The Reliant Group
- Broker: Michael (Mike) Muldowney (CBRE)
The deal at 3008 Pilgrims Square involved key individuals and companies like Mike Muldowney from CBRE as the seller's representative, and The Reliant Group as the buyer. The broker representing this transaction was Michael (Mike) Muldowney from CBRE.
Players
Market 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93