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The Brookview Cos. Acquires 268-Unit Multifamily Property In Greenfield WI For $57.7M

Property Image
SOLD
$57,700,000
Dominic Martinez
Alex Malzone
+ 5

Wisconsin

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MultiFamily
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SOLD

The Brookview Cos. Acquires 268-Unit Multifamily Property In Greenfield WI For $57.7M

9125 West Sura Lane

See Similar Deals
MultiFamily
Sold
Dominic Martinez
Alex Malzone
+ 5
Contact now

Summary

WISCONSIN
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is Forte at 84South, a multifamily property located at 9125 West Sura Lane in Greenfield, WI. It was acquired for a total price of $57.7 million, comprising 268 units, yielding a price per unit of $215,299. The property, which was built in 2019, spans over 7 acres and offers a range of amenities including a pool, clubhouse, and landscaped terraces with grills.

Summary of transaction details:

The deal saw The Brookview Cos. purchasing the property from Fiduciary Real Estate Development Inc. with the brokerage and financing services provided by NorthMarq. The involvement of multiple brokers illustrates the collaborative effort in facilitating this significant transaction in the multifamily market.

Players

David Link
4 deals$156.7M volume
BROKER

Brett Hood
NorthMarq
8 deals$455.6M volume
BROKER

Parker Stewart
NorthMarq
11 deals$583.3M volume
BROKER

Alex Malzone
NorthMarq
11 deals$583.3M volume
BROKER

Dominic Martinez
NorthMarq
8 deals$364.5M volume
BROKER

Kevin McCarthy
NorthMarq
6 deals$329M volume(312) 651-5414
BROKER

Cole Boland
NorthMarq
1 deal$57.7M volume
BROKER

Jake Lamb
NorthMarq
5 deals$212.9M volume(312) 651-5411
BROKER

Details

SOLD
IMAGE: 12/16/2024 ADDRESS: 9125 West Sura Lane MARKET: Greenfield, WI ASSET TYPE: MultiFamily BUYER: The Brookview Cos. SELLER: Fiduciary Real Estate Development Inc. BROKERS: Alex Malzone, Dominic Martinez, Parker Stewart & Jake Lamb - NorthMarq MORTGAGE BROKERS: Brett Hood, Kevin McCarthy, David Link & Cole Boland - NorthMarq SALE PRICE: $57,700,000 UNITS: 268 ~ PPU: $215,299 NOTE: The Brookview Cos. purchased Forte at 84South, a 268-unit multifamily property in Greenfield, WI, for $57.7 million from Fiduciary Real Estate Development Inc., with Northmarq brokering and financing the deal. Built in 2019, the property spans 7 acres and features studio to three-bedroom units alongside amenities such as a pool, clubhouse, and landscaped terraces with grills. #

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,077,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$204,995.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$273,527.44
Annual Debt Service$3,282,329.25