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6801 A Plaza

Midwest Multifamily Sold For $13.7M By NorthMarq In Omaha
SOLDMultiFamily

Midwest Multifamily Sold For $13.7M By NorthMarq In Omaha

6801 A Plaza

$13,700,000

Building Size

Asset Type

MultiFamily

Closing

May 15, 2024

AI

The $13.7 million sale of Grover Square in Omaha, Nebraska, involved a 201-unit multifamily property located at 6801 A Plaza. The asset was sold to a Missouri-based private investor with a substantial Midwest portfolio. The property was represented by NorthMarq's Midwest Multifamily Investment Sales team, with the seller being Burlington Capital Group.

Summary of transation details:

The sale was facilitated by NorthMarq's Midwest Multifamily Investment Sales team, with brokers Alex Malzone, Anthony Martinez, Jim Gibson, and Parker Stewart representing the property. The transaction involved a Missouri-based private investor with a substantial Midwest portfolio acquiring the multifamily property from the seller, Burlington Capital Group.

Players

Jim Gibson

NorthMarq

Broker

$30.4M

vol

3 deals

Broker

Omaha MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93