Colliers Represents AREP III BT LLC In $32M Retail Property Sale
Barry Road & Highway 169, Kansas City, Missouri 64154, United States
$32,000,000
$124/SF
Building Size
257,450 SF
Asset Type
Retail
Closing
Oct 13, 2022
AI
The retail property located at Barry Rd & Hwy 169 in Kansas City, MO was recently sold in a transaction. The property spans a total square footage of 257,450 and was sold for a price of $32,000,000, resulting in a price per square foot of $124.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,000,000
- Square Footage: 257,450
- Address: Barry Rd & Hwy 169, Kansas City, MO
- Market: Kansas City, MO
The seller of the property was AREP III BT LLC. The deal was facilitated by the brokers El Warner, Charley Simpson, Caitlin Zirpolo, and Drew Quinn from Colliers.
Players
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93