Updated Dec 4, 2024
1500 Chenal Parkway LLC Acquires Multifamily Property From Wellington Acquisition LLC For $23.6M
Wellington
Units
23,600,000
Asset Type
—
Closing
Dec 19, 2022
About this deal
AI
The property asset located at 15000 Chenal Pkwy in Little Rock, AR, is a multifamily property consisting of 176 units. The transaction between the buyer, 1500 Chenal Parkway LLC, and the seller, Wellington Acquisition LLC, concluded on December 19, 2022, with a sale price of $23,600,000, equating to a price per unit of $134,091.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $23,600,000
- Units: 176
- Price Per Unit: $134,091
- Address: 15000 Chenal Pkwy
- Market: Little Rock, AR
The deal's key individuals involved in the transaction were the buyer, 1500 Chenal Parkway LLC, and the seller, Wellington Acquisition LLC.
Players
Wellington CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93