Midloch Investment Partners & Artisan Capital Group Acquire Multifamily Property In Overland Park, KS For $43.6M
SOLD
$43,600,000
Kansas
See Similar DealsMultiFamily
Sold 09/01/2022
SOLD
Midloch Investment Partners & Artisan Capital Group Acquire Multifamily Property In Overland Park, KS For $43.6M
9550 Ash Street, Overland Park, Kansas 66207, United States
See Similar DealsMultiFamily
Sold 09/01/2022
Summary
KANSAS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 9550 Ash St in Overland Park, KS has been sold. The transaction took place on September 1, 2022. The property consists of 166 units and was sold for a price of $43,600,000, resulting in a per unit price of $262,651.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $43,600,000
- Address: 9550 Ash St, Overland Park, KS
- Market: Overland Park, KS
- Buyer: Midloch Investment Partners & Artisan Capital Group
- Units: 166
- Price Per Unit: $262,651
Midloch Investment Partners & Artisan Capital Group were the buyers in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$154,901.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$206,686.24
Annual Debt Service$2,480,234.92
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