Balfour Real Estate And AVO Capital Partners Acquire 90-Unit Multifamily Property In Overland Park, KS For $10M
SOLD
$10,000,000
Kansas
See Similar DealsMultiFamily97,000 SF
Sold 08/22/2022
SOLD
Balfour Real Estate And AVO Capital Partners Acquire 90-Unit Multifamily Property In Overland Park, KS For $10M
8710 West 106th Terrace, Overland Park, Kansas 66212, United States
See Similar DealsMultiFamily97,000 SF
Sold 08/22/2022
Summary
KANSAS
Asset Type:MultiFamily
Price Per Square Foot:$103
Total Square Footage:97,000 SF
Transaction Type:Sale
The multifamily property located at 8710 W 106th Terrace in Overland Park, KS has been sold. The sale took place on 08/09/2022 and the property was purchased for a total of $10,000,000. The property consists of 90 units, with a price per unit of $111,111. The total square footage of the property is 97,000, resulting in a price per square foot of $103.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Units: 90
- Price Per Unit: $111,111
- Square Footage: 97,000
- Price Per Square Foot: $103
- Market: Overland Park, KS
The buyer of the property is Balfour Real Estate represented by Brett Rosenthal and Miles Bronstein, along with AVO Capital Partners represented by Todd Feldman and Justin Schuss. The seller of the property is Worcester Communities. The deal was facilitated by Northmarq.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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