Marcus & Millichap Brokers $3.057M Sale Of Student Housing In New Berlin, Wisconsin

The property involved in this transaction is a 11,080-square-foot childcare facility located at 5245 Emmer Drive, New Berlin, Wisconsin. The asset, categorized as student housing, was sold for $3,057,000, translating to a price per unit of $16,005.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $3,057,000
• Units: 191
• Square Footage: 11,080
• Price per Square Foot: $276
• Brokers: Samuel Malato, Dominic Sulo, Todd Lindblom & Dean Giannakopoulos - Marcus & Millichap
• Seller Location: Florida
• Buyer Location: Illinois
• Acquisition Financing: $2,139,900
• Loan Details: Five-year loan at 70% loan-to-value with a 5.85% interest rate

This transaction was brokered by Marcus & Millichap, with Samuel Malato, Dominic Sulo, and Todd Lindblom managing the sale, while Dean Giannakopoulos facilitated the financing arrangements for the acquisition.