facebook
Traded Co logo
Submit

Wangard Partners Inc. Acquires Milwaukee Multifamily For $17.4M

Property Image
SOLD
$17,400,000
Wick Kirby
Amanda Friant
Jaime Fink

Wisconsin

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Wangard Partners Inc. Acquires Milwaukee Multifamily For $17.4M

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

See Similar Deals
MultiFamily
Sold
Wick Kirby
Amanda Friant
Jaime Fink
the dealplayerscompscontact
Contact now

Summary

WISCONSIN
Asset Type:MultiFamily
Transaction Type:Sale

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
Jaime Fink
21 deals$759.9M volume
BROKER
Wick Kirby
JLL
Wick Kirby
3 deals$141.9M volume
BROKER
Amanda Friant
JLL
Amanda Friant
4 deals$157.4M volume
BROKER
BC
Bender Cos
BUYER

Details

SOLD
IMAGE: Wick Kirby, Amanda Friant & Jaime Fink DATE: 08/04/2022 ADDRESS: 1320 S 1st St MARKET: Milwaukee, WI ASSET TYPE: Multifamily BUYER: Wangard Partners Inc. Bender Cos BROKERS: Wick Kirby, Amanda Friant & Jaime Fink - JLL SALE PRICE: $17,400,000 UNITS: 76 ~ PPU: $228,947

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$928,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,818.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,484.88
Annual Debt Service$989,818.52