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1320 South 1st Street, Milw...

Wangard Partners Inc. Acquires Milwaukee Multifamily For $17.4M
SOLDMultiFamily

Wangard Partners Inc. Acquires Milwaukee Multifamily For $17.4M

1320 South 1st Street, Milwaukee, Wisconsin 53204, United States

$17,400,000

Building Size

Asset Type

MultiFamily

Closing

Aug 3, 2022

AI

Wangard Partners Inc. and Bender Cos have completed the acquisition of a multifamily property located at 1320 S 1st St in Milwaukee, WI. The property consists of 76 residential units. The transaction closed on 08/04/2022 with a sale price of $17,400,000, equating to an average price per unit of $228,947.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $17,400,000
  • Address: 1320 S 1st St
  • Market: Milwaukee, WI
  • Buyer: Wangard Partners Inc. and Bender Cos
  • Brokers: Wick Kirby, Amanda Friant & Jaime Fink - JLL
  • Units: 76
  • Price Per Unit (PPU): $228,947

The acquisition was facilitated by Wick Kirby, Amanda Friant, and Jaime Fink from JLL, acting as brokers in the deal. They represented the interests of Wangard Partners Inc. and Bender Cos throughout the transaction.

Players

Jaime Fink

JLL

Broker

$1.1B

vol

19 deals

Broker
BC
Bender CosBuyer

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93