SOLD
1000 Stewards Crossing
1000 Stewards Crossing, Lawrence To...
See Similar DealsMultiFamily240,000 SF
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
SELLER
Details
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Deal Type
30 years
10 years
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
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