First Tek Inc Acquires Retail Property In Kansas City From ML Real Estate Holdings For $1.59M

The retail property located at 6401-6417 North Prospect Avenue in Kansas City has been sold for a total price of $1,590,000. This property consists of 8 units with an average price per unit of $198,750. The total square footage of the property is 11,558, resulting in a price per square foot of $138. The transaction has a capitalization (cap) rate of 7.5%.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,590,000
• Units: 8
• Price per Unit: $198,750
• Total Square Footage: 11,558
• Price per Square Foot: $138
• Cap Rate: 7.5%

The buyer of the property is First Tek Inc, while the seller is ML Real Estate Holdings - Meyer Lebovits. The deal was facilitated by brokers Daniel Shabtai and Austin Marshak from Rosewood Realty Group.