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town center

156 Units | Built 1997

The Opportunity

Berkadia Real Estate Advisors has been retained as the exclusive investment advisor in the sale of Town Center. The acquisition of Town Center presents a unique opportunity to acquire a premier asset, with upside, in an unparalleled location.

All of the units have received some level of “upgrade” over the last several years. However, with a more comprehensive and higher-end finish package (solid surface counter tops, a higher-end appliance package, etc.), a rent at the upper end of the competitive set can be achieved; especially when the strength of the area demographics and an asset with zero obsolescence is considered.

Town Center is an institutional-grade multifamily property that is located in Kansas City’s premier Overland Park submarket. Residents of Town Center have convenient access to Johnson County’s premier shopping district, Town Center Plaza and Crossing (650,000+ SF), less than one mile to the east. Further, residents are convenient to the entirety of the Kansas City metro’s interstate system with access to 169 highway less than 5 minutes from the property.

The property is located within the Blue Valley School district with Blue Valley North High School being walking distance from the property. The Blue Valley School District was named the number one school district in Kansas by Niche Rankings' "2018 Best School Districts in Kansas" list.

With 156 large units, most of which provide direct-access garage parking, Town Center is the closest apartment community to Sprint’s World Headquarters and is proximate to the business headquarters of AMC Theaters and Menorah Medical Center. The area surrounding Town Center is among the most affluent and highly educated in the Kansas City area.

Investment Highlights

  • Affluent Suburban Overland Park Infill Location
  • Situated Directly Across the Street from Sprint World Headquarters
  • Adjacent to Blue Valley North High School - A Top MSA School District
  • Convenient to Town Center Plaza and Crossing - The Best Dining and Retail in Johnson County
  • Institutional Grade Asset with Large Floorplans Offering Attached Direct Access Garages
  • Additional Upside with A More Comprehensive Unit Upgrade Package

THE PROPERTY

UNIT Amenities

  • Faux Wood Plank Flooring*
  • Stainless Appliance Package
  • Built-In Microwave
  • Full Size Washer and Dryer Provided
  • USB Outlets
  • Brushed Nickel Hardware and Lighting
  • Nine Foot Ceilings with Crown Molding
  • Wood Burning Fireplace*
  • Breezy Ceiling Fans*
  • Private Patio and Balcony
  • Extra Storage

*Select Units

COMMUNITY Amenities

  • 24 Hour Fitness Center with Free Weights
  • Cyber Cafe
  • Relaxing Swimming Pool
  • Poolside Grill Station & Large Flat Screen TV
  • Complimentary Wi-Fi at Pool and Clubhouse
  • Three Picnic Areas with BBQ Grills
  • Large & Small Dog Park
  • Resident Community Garden
  • Easy Access to I-35, I-435 and 69 Alt.
  • Blue Valley School District

THE LOCATION

ECONOMIC SNAPSHOT

DOCUMENT CENTER

CONTACT US

Investment Advisors

BRETT MEINZER

Director

brett.meinzer@berkadia.com

816.759.0366

MICHAEL SULLIVAN

Senior Director

michael.sullivan@berkadia.com

816.759.0369

ALEX BLAGOJEVICH

Managing Director

alex.blagojevich@berkadia.com

312.845.3088

KANSAS CITY OFFICE

4800 Main Street

Suite 501

Kansas City, MO 64112

816.531.2884 | Fax: 816.531.6188

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.
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