Pacific Coast Capital Partners Provides $111.1M Loan To L. H. Charney Associates For Garment District Office Building
1410 Broadway Boulevard, Garment District, Kansas City, MO, USA
$111,115,261
$302/SF
Building Size
367,212 SF
Asset Type
Office
Closing
Jul 26, 2021
AI
Located in the Garment District, the office property at 1410 Broadway has recently undergone a significant transaction. The lender, Pacific Coast Capital Partners represented by Kevin Chin, provided a loan amount of $111,115,261. The property spans across 367,212 square feet, making it a substantial asset in the area. L. H. Charney Associates acts as the landlord for this property.
Summary of transation details
- Property Type: Office
- Transaction Amount: $111,115,261
- SF: 367,212
In this deal, Kevin Chin from Pacific Coast Capital Partners took the role of the lender's representative. L. H. Charney Associates serves as the landlord for the property at 1410 Broadway. These key individuals and companies played crucial roles in facilitating this transaction.
Players
Downtown Kansas City Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93