Updated Dec 18, 2023
Marcus & Millichap Capital Corp Arranges $11.4M Acquisition And Renovation Loan For Multifamily Property At 1084 Westport Dr In Port Washington, WI
1022 Westport Drive, Port Washington, Wisconsin 53074, United States
$11,390,000
$110/SF
Building Size
102,985 SF
Asset Type
MultiFamily
Closing
Nov 6, 2022
About this deal
AI
The multifamily property located at 1084 Westport Dr in Port Washington, WI has recently undergone a transaction. The deal involved an acquisition and renovation, with a loan amount of $11,400,000. The property is situated in a market with potential for growth and development.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,400,000
- Market: Port Washington, WI
- Address: 1084 Westport Dr
The transaction was facilitated by Michael Hughes from Marcus & Millichap Capital Corp. As the broker representing the buyer or seller, Michael Hughes played a key role in the successful completion of the deal. His expertise and experience in the field contributed to the smooth execution of the acquisition and renovation process.
Players
Port Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93