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Rockcrest Holdings Acquires 6405 Maurer Road Multifamily In Shawnee Kansas For $30.9M

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SOLD
$30,900,000

Kansas

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MultiFamily210,648 SF
Sold 03/04/2025
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Property Image
SOLD

Rockcrest Holdings Acquires 6405 Maurer Road Multifamily In Shawnee Kansas For $30.9M

6405 Maurer Road

See Similar Deals
MultiFamily210,648 SF
Sold 03/04/2025
Contact now

Summary

KANSAS
Asset Type:MultiFamily
Price Per Square Foot:$146
Total Square Footage:210,648 SF
Transaction Type:Sale

The transaction involved a multifamily asset located at 6405 Maurer Road in Shawnee, KS. The property was sold for a total price of $30,900,000, consisting of 228 units, which translates to a price per unit of $135,526. The total square footage of the asset is 210,648, resulting in a price per square foot of $146.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $30,900,000
  • Units: 228
  • Price Per Unit: $135,526
  • Square Footage: 210,648
  • Price Per Square Foot: $146
  • Buyer: Rockcrest Holdings
  • Seller: Stoneweg US
  • Brokers: Jonathan Brody & Michael Schattner - Base Realty Group

In this transaction, Rockcrest Holdings acted as the buyer while Stoneweg US was the seller. The deal was facilitated by brokers Jonathan Brody and Michael Schattner from Base Realty Group, who represented the involved parties efficiently throughout the process.

Players

Jonathan Brody
48 deals$1.7B volume(516) 507-0193
BROKER

Michael Schattner
Base Realty Group
24 deals$677.6M volume(917) 805-8730
BROKER

SELLER

Details

SOLD
IMAGE: Jonathan Brody & Michael Schattner DATE: 03/04/2025 ADDRESS: 6405 Maurer Road MARKET: Shawnee, KS ASSET TYPE: Multifamily BUYER: Rockcrest Holdings SELLER: Stoneweg US (@Stoneweg_US) BROKERS: Jonathan Brody (@JonathanJBrody) & Michael Schattner (@Michael_SchattnerNYC) - Base Realty Group SALE PRICE: $30,900,000 UNITS: 228 ~ PPU: $135,526 SF: 210,648 ~ PPSF: $146

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

$1,648,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$109,781.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,481.76
Annual Debt Service$1,757,781.17