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
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