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600 N Milwaukee Ave, Prospe...

Updated Oct 29, 2024

Palwaukee Hospitality, LLC Buys Property At 600 N Milwaukee Ave With Broker Representation From CBRE Hotels
SOLD

Palwaukee Hospitality, LLC Buys Property At 600 N Milwaukee Ave With Broker Representation From CBRE Hotels

600 N Milwaukee Ave, Prospect Heigh...

Building Size

Asset Type

Closing

Nov 19, 2023

About this deal

AI

The property involved in this transaction is located at 600 N Milwaukee Ave, Prospect Heights, within the Milwaukee market. The building has a square footage of 0. The sale transaction was made, although the sale price has not been disclosed.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: Not disclosed
  • Address: 600 N Milwaukee Ave, Prospect Heights
  • Market: Milwaukee
  • Buyer's Name: Palwaukee Hospitality, LLC.
  • Seller's Representative: Matt McClure, Brian Silberman - CBRE Hotels

The deal was facilitated by Palwaukee Hospitality, LLC., which acted as the buyer. The representatives for the seller were Matt McClure and Brian Silberman from CBRE Hotels, providing professional services throughout the transaction.

Players

Brian Silberman

CBRE

Broker

1 deal

Broker
JLL
JLLBrokerage

Milwaukee CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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

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