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5900 Kinkead Avenue

Omni Brooks Acquires Multifamily Asset From CP Investors For $9.375M In Fort Smith
SOLDMultiFamily

Omni Brooks Acquires Multifamily Asset From CP Investors For $9.375M In Fort Smith

5900 Kinkead Avenue

$9,375,000

$35/SF

Building Size

261,724 SF

Asset Type

MultiFamily

Closing

May 27, 2021

AI

The property asset involved in this transaction is located at 5900 Kinkead Avenue in Fort Smith. It is classified as a MultiFamily asset and encompasses a total square footage of 261,724. The transaction was completed on 05/27/2021 for a total price of $9,375,000.00.

Summary of transaction details:

The deal involved multiple brokers, with Eli Maryl representing GFI Realty Services and Ohad Babo representing Kassin Sabbagh Realty in this transaction. These individuals played a crucial role in facilitating the sale between the buyer, Omni Brooks, and the seller, CP Investors.

Players

Ohad Babo

Kassin Sabbagh Realty

Broker

$192.7M

vol

20 deals

Broker

Omni Brooks

Buyer
Buyer
CI
CP InvestorsSeller

Fort Smith 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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93