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
$10,000,000
$103/SF
Building Size
97,000 SF
Asset Type
MultiFamily
Closing
Aug 21, 2022
AI
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.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93