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
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