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.
4800 Main Street
Kansas City, MO 64112
816.531.2884 | Fax: 816.531.6188