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4713 Cottage Grove Road, Ma...

North Point Capital & Olive Tree Holding Acquires 195-Unit Multifamily Asset In Madison, WI For $17.8M
SOLDMultiFamily

North Point Capital & Olive Tree Holding Acquires 195-Unit Multifamily Asset In Madison, WI For $17.8M

4713 Cottage Grove Road, Madison, Wisconsin, USA

$17,800,000

$109/SF

Building Size

162,300 SF

Asset Type

MultiFamily

Closing

Sep 29, 2021

AI

Located at 4713 Cottage Grove Road in Madison, WI, this multifamily property was sold on September 29, 2021. The property, consisting of 195 units, spans across 162,300 square feet. The sale price for this transaction was $17,800,000, resulting in a price per unit of $91,282 and a price per square foot of $109.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $17,800,000
  • Units: 195
  • Price per Unit: $91,282
  • Square Footage: 162,300
  • Price per Square Foot: $109
  • Market: Madison, WI

The buyers in this transaction were North Point Capital and Olive Tree Holding. They were represented by David P. Zar and Shawn Hakimian. It is important to note that no additional information was provided regarding the transaction participants.

Players

OH
Olive Tree HoldingsBuyer

Madison MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93