Cherry Hill Properties Acquires Retail Property In Overland Park, KS For $16.8M
SOLD
$16,800,000
Kansas
See Similar DealsRetail108,729 SF
Sold 08/03/2022
SOLD
Cherry Hill Properties Acquires Retail Property In Overland Park, KS For $16.8M
12040 Blue Valley Parkway, Overland Park, Kansas 66213, United States
See Similar DealsRetail108,729 SF
Sold 08/03/2022
Summary
KANSAS
Asset Type:Retail
Price Per Square Foot:$154
Total Square Footage:108,729 SF
Transaction Type:Sale
The retail property located at 12040 Blue Valley Pkwy in Overland Park, KS has been sold in a recent transaction. The property spans 15.44 acres and offers a total of 108,729 square feet of space. The sale price for this asset was $16,800,000, indicating a price per square foot of $155.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,800,000
- Market: Overland Park, KS
- Address: 12040 Blue Valley Pkwy
- Acres: 15.44
The buyer of the property is Cherry Hill Properties, while the sellers are PEBB Enterprises and Contrarian Capital Management. The deal was facilitated by Evan Halkias and Jeffrey Benz from Cushman & Wakefield.
Players
BROKERAGE
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$895,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,686.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,640.57
Annual Debt Service$955,686.85
Is there something missing? Send suggestions