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:
- Property Type: Multifamily
- Transaction Amount: $13,700,000
- Address: 6801 A Plaza
- Market: Omaha, NE
- Units: 201
- Price Per Unit: $68,159
- Brokers: Alex Malzone, Anthony Martinez, Jim Gibson & Parker Stewart - NorthMarq
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
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