1000 Stewards Crossing
1000 Stewards Crossing, Lawrence To...
$52,000,000
$216/SF
Building Size
240,000 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property asset involved in the transaction is located at 1000 Stewards Crossing, Lawrence. It is situated in the Lawrence market, has a total square footage of 240,000, and was sold for $52,000,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $52,000,000.00
- Address: 1000 Stewards Crossing, Lawrence
- Market: Lawrence
- Square Footage: 240,000
- Seller: Merion Realty Partners
- Buyer: The Berkshire Group
- Seller's Representatives: Kevin O’Heam, Mark Thomson, Carl Fiebig, Francis (Fran) Coyne - JLL
The transaction involved key individuals and companies, with Merion Realty Partners as the seller and The Berkshire Group as the buyer. The deal was represented by four brokers from JLL, highlighting a collaborative team approach in facilitating the sale.
Players
Lawrence 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93