Updated Dec 21, 2023
Lincolnshire, Ill Acquires 272-unit Multifamily In Madison, WI For $40.8M
302 Parkwood Lane, Madison, Wisconsin 53714, United States
$40,800,000
Units
272
Asset Type
MultiFamily
Closing
Aug 31, 2022
About this deal
AI
A multifamily property located at 302 Parkwood Ln in Madison, WI has been sold on September 1, 2022. The property consists of 272 units, with an average price per unit (PPU) of $150,000. The total sale price for the property is $40,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,800,000
- Units: 272
- Price per Unit (PPU): $150,000
- Location: 302 Parkwood Ln, Madison, WI
The buyer of the property is a company based in Lincolnshire, Ill. The deal was facilitated by JLL Capital Markets acting as the broker.
Players
Madison 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93