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1655 Ludington Street

Ruesch Management Inc Purchases Mixed-Use Property In Marinette From Three Sixty Real Estate Solutions For $7.3M
SOLDMultiFamily

Ruesch Management Inc Purchases Mixed-Use Property In Marinette From Three Sixty Real Estate Solutions For $7.3M

1655 Ludington Street

$7,300,000

Building Size

Asset Type

MultiFamily

Closing

Aug 6, 2025

AI

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.

Players

Daniel Bowar

Marcus & Millichap

Broker

$38.5M

vol

7 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Marinette 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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93