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
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