Premier Realty Secures $29.9M Safra National Bank Loan For Office Property On West 47th Street In Plaza District
36 West 47th Street, Plaza Area, Kansas City, MO, USA
$29,925,000
$306/SF
Building Size
97,785 SF
Asset Type
Office
Closing
Jul 28, 2021
AI
Located in the Plaza District, the office property at 36 West 47th Street recently underwent a closed transaction. The deal involved a loan provided by Safra National Bank to Premier Realty, the landlord of the property. The loan amount for this transaction was $29,925,000. The property spans a total area of 97,785 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: $29,925,000
- Address: 36 West 47th Street
- Market: Plaza District
- Lender: Safra National Bank
- Landlord: Premier Realty
- Square Footage: 97,785
The deal's key individuals and companies include Safra National Bank as the lender and Premier Realty as the landlord. These parties played integral roles in the successful completion of the transaction.
Players
Kansas City Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93