Kearney, MISSOURI
Old Church Plaza
Off market deal that was bank owned. The property was only 60% occupied at time of purchase. It was purchased during COVID while all retail was considered “high risk”. With our marketing background we saw this as an incredible value add opportunity. The complex was presented to us from the bank prior to being marketed and we were able to negotiate a purchase price of $47 per sq. ft. Another deal that we felt highly confident about the upside.
12 Commercial Units
6.5X Targeted Equity Multiple
33% Cash on Cash
7 Year Hold
© 2023 Midwest Venture Fund | Terms & Conditions



