Sentinel Net Lease Acquires Office Building In Lenexa, KS For $22.6M
SOLD
$22,600,000
Kansas
See Similar DealsOffice116,540 SF
Sold 01/04/2022
SOLD
Sentinel Net Lease Acquires Office Building In Lenexa, KS For $22.6M
9801 Renner Boulevard, Lenexa, Kansas 66219, United States
See Similar DealsOffice116,540 SF
Sold 01/04/2022
Summary
KANSAS
Asset Type:Office
Price Per Square Foot:$193
Total Square Footage:116,540 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,205,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,293.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,135.53
Annual Debt Service$1,285,626.36
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