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12040 Blue Valley Parkway, ...

Cherry Hill Properties Acquires Retail Property In Overland Park, KS For $16.8M
SOLDRetail

Cherry Hill Properties Acquires Retail Property In Overland Park, KS For $16.8M

12040 Blue Valley Parkway, Overland Park, Kansas 66213, United States

$16,800,000

$154/SF

Building Size

108,729 SF

Asset Type

Retail

Closing

Aug 2, 2022

AI

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

Evan Halkias

Cushman & Wakefield

Broker

$159.9M

vol

10 deals

Broker
PEBB Enterprises
PEBB EnterprisesBrokerage
PEBB Enterprises
PEBB EnterprisesSeller

Overland Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93