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4440 Roanoke Parkway

Address 4440 Roanoke Parkway
City/State: Kansas City, Missouri - MO
Size: 224 Unit
Property type: Multifamily
Status: SOLD
Transaction Date: 01/28/2020
Buyer: Burlington Capital Properties
Seller: GFI Capital Resources Group
Price: $32,500,000
Price per unit /sqft: $145,089


Note:

Infinity at Plaza West

Three years ago, the New York real estate company placed a $19.9 million Freddie Mac loan against the property, which by then had seen an improvement in cash flow to $1.5 million from $1.1 million in 2013, according to servicer data compiled by Trepp LLC. Net operating income was comparable, which would give Burlington Capital's purchase price a capitalization rate of 4.7 percent.

The loan, which doesn't come due until 2025, pays a 3.997 percent coupon. It was securitized through FREMF, 2018-KF45. It would be subject to a 1 percent prepayment penalty if it was paid off before 2024.



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