SOLDOffice
Sentinel Net Lease Acquires Office Building In Lenexa, KS For $22.6M
9801 Renner Boulevard, Lenexa, Kansas 66219, United States
$22,600,000
$193/SF
Building Size
116,540 SF
Asset Type
Office
Closing
Jan 3, 2022
AI
An office building located at 9801 Renner Blvd in Lenexa, KS has been sold for $22,600,000. The property spans a total area of 116,540 square feet, resulting in a price per square foot of $193.
Summary of transation details
- Property Type: Office Building
- Transaction Amount: $22,600,000
- Address: 9801 Renner Blvd, Lenexa, KS
- Market: Lenexa, KS
- Square Footage: 116,540
- Price Per Square Foot: $193
The buyer, Sentinel Net Lease, represented by Fred Lewis & Dennis Cisterna, acquired the office building in this transaction.
Players
Lenexa Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93