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Updated Dec 21, 2023

North Point Capital And Aulder Capital Sell Midwest Multifamily For $45M
SOLDMultiFamily

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

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Deal FAQ

About $112 per square foot on a published $45M for 400,000 square feet (2022).

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

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