SOLDRetail
Quantum Real Estate Advisors Facilitates $2.2M Sale Of Retail Property Occupied By CVS In Kansas City
2435 Independence Boulevard
$2,200,000
Building Size
—
Asset Type
Retail
Closing
Jan 22, 2024
AI
The $2.2 million sale of a retail property in Kansas City, MO has been facilitated by Quantum Real Estate Advisors. The property, located at 2435 Independence Boulevard, is currently occupied by CVS with nine years remaining on its lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 2435 Independence Boulevard
- Market: Kansas City, MO
Nick Hilgendorf from Quantum Real Estate Advisors served as the broker in this deal.
Kansas City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93