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:
- 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.
Players
Fort Smith MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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