Rockcrest Holdings Acquires 6405 Maurer Road Multifamily In Shawnee Kansas For $30.9M
6405 Maurer Road
$30,900,000
$146/SF
Building Size
210,648 SF
Asset Type
MultiFamily
Closing
Mar 4, 2025
AI
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
Shawnee 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93