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THE GARDENS AT JACKSON CREEK

113 Units | Built 2014

The Opportunity

Berkadia Real Estate Advisors have been exclusively retained to offer qualified investors the opportunity to purchase Lenexa Crossing, a conventional 280-unit multifamily asset located in Johnson County, one of Kansas City's most desirable submarkets.

PROVEN VALUE ADD OPPORTUNITY

  • Interior renovations have been completed on approximately 75% of the property.
  • These units have received marginal cosmetic upgrades and have well received by the market and are achieving a premium of $60 to $90 over non-renovated units.
  • A systematic approach to upgrading the remaining 25% of the ‘classic’ units will strengthen revenues and increase NOI to inherently create additional value.

 

Investment Highlights

  • Value-Add Opportunity with Proven Rent Upside
  • Current Interior Renovations Achieving Premiums of Up To $90
  • Additional Upside with a More Comprehensive Unit Upgrade Package (Cabinets, Solid Surface Countertops, Appliances, etc.)
  • Capture Additional Upside as Renewals and New Leases Are Executed
  • Affluent Johnson County Location Near the College Boulevard Office Corridor and Oak Park Mall
  • Offered with Assumable Freddie Mac Debt or Free & Clear

The Opportunity

Investment Highlights

Opportunity to Operate as Conventional Senior or Pure Independent Living

Low Vacancy & Strong Operations Indicate Strong Potential for Continued Organic Rent Growth

Additional Rental Upside via Unit Interior Upgrades Without Massive Capital Investment

Excellent Location in Close Proximity to Retail, Restaurants, Entertainment, Places of Worship, and Medical Facilities

Offered Both Free & Clear or With Attractive In-Place HUD Debt with 3.55% Interest Rate

THE PROPERTY

Interior Features

  • Air Conditioning
  • WiFi Available
  • Ceiling Fans
  • Custom Lighting
  • Full Kitchen with Island or Breakfast Bar
  • Granite Countertops
  • Hardwood-Style Flooring
  • Elegant Wood Cabinetry
  • Refrigerator
  • Dishwasher
  • Microwave
  • Garbage Disposal
  • In-Home Washer & Dryer
  • Trash Service
  • Window Coverings Included

Community Amenities

  • Transportation
  • Restaurant-Style Dining
  • Additional Storage Available
  • No Buy-Ins or Long-Term Leases
  • Controlled-Access Exit Doors
  • Home Care and Housekeeping Available
  • Library
  • Movie Theater
  • Beauty Salon
  • Fitness Center
  • Outdoor Patio with Grilling Station
  • Social Outings & Events
  • Health Screenings & Educational Forums
  • Professionally Landscaped Grounds
  • Onsite Dog Park
  • Walking Trail along River
  • WiFi in Common Areas
  • 24-Hour Emergency Maintenance

THE LOCATION

Kansas City, MO

Document Center

Click on Documents Below to Register

CONTACT US

INVESTMENT ADVISORS

FINANCING

KANSAS CITY OFFICE

4800 Main Street

Suite 501

Kansas City, MO 64112

816.531.2884

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, 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.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx