Updated Dec 21, 2023
North Point Capital And Aulder Capital Sell Midwest Multifamily For $45M
$45,000,000
$112/SF
Building Size
400,000 SF
Asset Type
MultiFamily
Closing
Jul 7, 2022
About this deal
AI
A multifamily property in the MidWest has been sold in a closed transaction. The property, consisting of 500+ units, was sold by North Point Capital and Aulder Capital. The seller representatives involved in the deal were David P. Zar, Shawn Hakimian, Robert Johnson, and John Reid.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $45,000,000
- Units: 500+
- Price per Unit: $90,000
- Square Footage: 400,000
- Price per Square Foot: $112
- Market: MidWest
The deal was facilitated by the buyer's representatives, David P. Zar, Shawn Hakimian, Robert Johnson, and John Reid. The transaction amount of $45,000,000 reflects the sale price of the multifamily property. The property spans a total square footage of 400,000, resulting in a price per square foot of $112. The market for this transaction was in the MidWest region.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse this market multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93