Colliers Represents AREP III BT LLC In $32M Retail Property Sale
SOLD
$32,000,000
+ 1
Missouri
See Similar DealsRetail257,450 SF
Sold 10/14/2022
SOLD
Colliers Represents AREP III BT LLC In $32M Retail Property Sale
Barry Road & Highway 169, Kansas City, Missouri 64154, United States
See Similar DealsRetail257,450 SF
Sold 10/14/2022
+ 1
Summary
MISSOURI
Asset Type:Retail
Price Per Square Foot:$124
Total Square Footage:257,450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91
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