Updated Oct 28, 2024
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
About this deal
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
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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93