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
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