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1000 Stewards Crossing

Property Image
SOLD
$52,000,000
Kevin O’Hearn
Carl Fiebig
+ 1

Kansas

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MultiFamily240,000 SF
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Property Image
SOLD

1000 Stewards Crossing

1000 Stewards Crossing, Lawrence To...

See Similar Deals
MultiFamily240,000 SF
Kevin O’Hearn
Carl Fiebig
+ 1
Contact now

Summary

KANSAS
Asset Type:MultiFamily
Price Per Square Foot:$216
Total Square Footage:240,000 SF
Transaction Type:Sale

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

Francis (Fran) Coyne
10 deals$692.3M volume
BROKER

Carl Fiebig
JLL
8 deals$485.2M volume
BROKER

Mark Thomson
JLL
4 deals$238.1M volume
BROKER

Kevin O’Hearn
JLL
52 deals$2.3B volume(973) 549-2018
BROKER

SELLER

Details

SOLD
IMAGE: 1000 Stewards Crossing, Lawrence To... MARKET: Lawrence SELLER'S REP: Kevin O’Heam, Mark Thomson , Carl Fiebig , Francis (Fran) Coyne -JLL BUYER: The Berkshire Group SELLER: Merion Realty Partners PRICE: $52,000,000.00 SF: 240000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,773,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35