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Ruesch Management Inc Purchases Mixed-Use Property In Marinette From Three Sixty Real Estate Solutions For $7.3M
SOLD
$7,300,000
Wisconsin
See Similar DealsMultiFamily
Sold 08/06/2025
SOLD
Ruesch Management Inc Purchases Mixed-Use Property In Marinette From Three Sixty Real Estate Solutions For $7.3M
1655 Ludington Street
See Similar DealsMultiFamily
Sold 08/06/2025
Summary
WISCONSIN
Asset Type:MultiFamily
Transaction Type:Sale
A mixed-use property located at 1655 Ludington Street in Marinette, WI, has been sold for $7,300,000. The asset comprises 97 apartments and 21 office suites, catering to both residential and commercial uses.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $7,300,000
- Buyer: Ruesch Management Inc
- Seller: Three Sixty Real Estate Solutions
- Broker: Daniel Bowar - Marcus & Millichap
The deal involved the expertise of Daniel Bowar, representing Marcus & Millichap, who facilitated the transaction between Ruesch Management Inc and Three Sixty Real Estate Solutions for the acquisition of Dunlap Square.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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