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7613 Flint Street, Overland...

Quad Property Group Acquires Overland Park, KS Multifamily For $21.1M
SOLDMultiFamily

Quad Property Group Acquires Overland Park, KS Multifamily For $21.1M

7613 Flint Street, Overland Park, Kansas 66214, United States

$21,100,000

Units

195

Asset Type

MultiFamily

Closing

Sep 18, 2022

AI

The multifamily property located at 7613 Flint St in Overland Park, KS has been sold in a recent transaction. The property consists of 195 units and was sold for a total price of $21,100,000, resulting in a per unit price of $108,205. The transaction took place on September 19, 2022. The buyer of the property was Quad Property Group, while the seller was Axiom Equities. Northmarq acted as the broker in the deal.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $21,100,000
  • Address: 7613 Flint St, Overland Park, KS
  • Number of Units: 195
  • Per Unit Price: $108,205
  • Buyer: Quad Property Group
  • Seller: Axiom Equities
  • Brokers: Northmarq

This transaction highlights the involvement of Quad Property Group as the buyer and Axiom Equities as the seller. Northmarq represented the parties as the broker in this multifamily property sale.

Players

QG
Quad Property GroupBuyer

Overland Park 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

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93