Ramirez Family Foundation Acquires Cardinal Stritch University Campus For $24 Million In Milwaukee
6801 North Yates Road Milwaukee, Wisconsin 53217, USA
$24,000,000
$39/SF
Building Size
607,000 SF
Asset Type
School
Closing
Jul 26, 2023
About this deal
AI
The Cardinal Stritch University campus, located at 6801 N Yates Rd in Milwaukee, WI, has been sold for $24 million. The property spans 43.5 acres and consists of 12 buildings totaling 607,000 square feet. The buyer of the campus is the Ramirez Family Foundation.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $24,000,000
- Address: 6801 N Yates Rd, Milwaukee, WI
- Market: Milwaukee, WI
- Acres: 43.5
- SF: 607,000
The Ramirez Family Foundation has acquired the Cardinal Stritch University campus, which includes 12 buildings and spans 43.5 acres. The foundation purchased the property for $24 million. This acquisition is a significant investment made by the Ramirez Family Foundation in the education sector.
Players
Glendale School Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93