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Concert Golf Partners Acquires Commercial Property In Milwaukee, WI For $6.3M
SOLD
$6,300,000
Wisconsin
See Similar DealsMultiFamily
Sold 03/29/2023
SOLD
Concert Golf Partners Acquires Commercial Property In Milwaukee, WI For $6.3M
6200 W. Good Hope Rd, Milwaukee, WI 53223, United States
See Similar DealsMultiFamily
Sold 03/29/2023
Summary
WISCONSIN
Asset Type:MultiFamily
Transaction Type:Sale
The commercial property located at 6200 West Good Hope Road in Milwaukee, WI has been sold for a price of $6,300,000. The transaction took place on March 29, 2023 and involved Concert Golf Partners as the buyer and Wisconsin Club as the seller.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $6,300,000
Concert Golf Partners, a prominent buyer in the real estate market, acquired the commercial property from Wisconsin Club. The property, situated at 6200 West Good Hope Road in Milwaukee, WI, offers valuable investment potential for Concert Golf Partners in the commercial sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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