Riverbend Lofts Holdings LLC Acquires 40 Condos From Riverbend Condominiums LLC For $5.25M
720 South Marquette Street
$5,250,000
Units
40
Asset Type
Condo
Closing
Feb 26, 2026
About this deal
AI
The property involved in this transaction is a 40-unit condo located at 720 South Marquette Street in Racine, WI. The transaction occurred for a total amount of $5,250,000, resulting in a price per unit of $131,250.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,250,000
- Units: 40
- Buyer: Riverbend Lofts Holdings, LLC
- Seller: Riverbend Condominiums LLC
- Brokers: Matson Holbrook, Gretchen Richards, Sean Beuche & Patrick Gallagher - CBRE
- Sale Date: 02/26/2026
CBRE facilitated the transaction, representing the interests of both the buyer and seller during the sale. Riverbend Lofts Holdings, LLC acquired the rental condo units from Riverbend Condominiums LLC in this closed deal.
On the Map
$5,250,000
Condo
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Players
Racine Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93