Updated Oct 28, 2024
Weidner Apartment Homes Acquires Multifamily Properties In Milwaukee For $53M
1303 N 10th St, Milwaukee, WI, USA
$53,000,000
Units
274
Asset Type
MultiFamily
Closing
Jul 28, 2020
About this deal
AI
The multifamily property located at 1303 North 10th St. & 926 West Juneau Ave in Milwaukee, Wisconsin has been sold for a total price of $53,000,000. The property consists of 274 units, resulting in a price per unit of $193,431. The sale was completed on July 28, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Units: 274
- Price Per Unit (PPU): $193,431
The buyer of the property is Weidner Apartment Homes, while the sellers are Milhaus Development and The Davis Companies. The sale was facilitated by Wick Kirby, Amanda Friant, and Jaime Fink of JLL Capital Markets.
Players
Milwaukee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93