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.
On the Map
$11,390,000
$110/SF
MultiFamily
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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