Omni Brooks Acquires Multifamily Asset From CP Investors For $9.375M In Fort Smith
SOLD
$9,375,000
Arkansas
See Similar DealsMultiFamily261,724 SF
Sold 05/27/2021
SOLD
Omni Brooks Acquires Multifamily Asset From CP Investors For $9.375M In Fort Smith
5900 Kinkead Avenue
See Similar DealsMultiFamily261,724 SF
Sold 05/27/2021
Summary
ARKANSAS
Asset Type:MultiFamily
Price Per Square Foot:$35
Total Square Footage:261,724 SF
Transaction Type:Sale
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:
- Property Type: MultiFamily
- Transaction Amount: $9,375,000.00
- Address: 5900 Kinkead Avenue
- Market: Fort Smith
- Square Footage: 261,724.0
- Buyer: Omni Brooks
- Seller: CP Investors
- Brokers: Eli Maryl (GFI Realty Services), Ohad Babo (Kassin Sabbagh Realty), Ohad Babo (Kassin Sabbagh Realty)
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$499,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,307.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,442.28
Annual Debt Service$533,307.39
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