Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new...

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Chris Robertson Associate Director Investment Sales and Capital Markets [email protected] 816.512.1014 Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, Principal Investment Sales and Capital Markets [email protected] 816.512.1010 Villas of Northbrook Portfolio KANSAS CITY | MISSOURI Justin Beal Director [email protected] 816.268.4241

Transcript of Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new...

Page 1: Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering

Chris RobertsonAssociate DirectorInvestment Sales and Capital [email protected]

Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, PrincipalInvestment Sales and Capital [email protected]

Villas of Northbrook Portfolio

KANSAS CITY | MISSOURI

Justin [email protected]

Page 2: Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering

Zimmer Real Estate Services is pleased to present the Villas of Northbrook, a 12 unit brand new construction, stabilized investmentopportunity in one of Kansas City’s top up and coming submarkets for multifamily investment. The portfolio boasts a reliable cash flow ina rapidly growing submarket with access to strong public schools and amenities.

The Villas of Northbrook are located in a quiet neighborhood with convenient access to 435 Highway and 152 Highway. Nearby retailcorridors along 152 Highway and NE Barry Road offer residents a myriad of shopping, dining and service destinations. Less than +/- onemile away, NE Barry Road’s retail tenants include Sprouts, Target, Home Depot, Walmart Supercenter, Hy-Vee grocery store among otherpopular national brands. The residents at the Villas of Northbrook benefit from a number of education options within the boundaries ofthe Liberty Public Schools which has been recognized locally and nationally.

INVESTMENT HIGHLIGHTS

STABLE CASH FLOWSThe Villas of Northbrook multifamily portfolio offers stable cash flows with a strong existing return at 92% occupancy and lowturnover with a majority of the tenants made up of families and seniors seeking access to good public schools and amenities in aquiet neighborhood.

HIGHLY DESIRABLE RENTAL UNITSThe Villas of Northbrook features attractive and highly desired finishes including hardwood floors, granite countertops, walk-inclosets, basements, two car garages, covered patios, fireplaces and more.

STRONG MARKET DYNAMICSThe Kansas City/Liberty multifamily market conditions continue to improve as population and employment continues to grow. Themarket continues to tighten, as vacancy rates have dropped over the past year and quoted rental rates increased in the majority oflocal submarkets.

TURN KEY INVESTMENTVillas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering investors aclean and hassle free investment.

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Executive Summary

Page 3: Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering

Summary

Property Address: 7534 – 7555 N Eastern Ave, Kansas City, Missouri 64158

Number of Units: 12 units

Square Footage: 16,860 square feet

Occupancy: 92%

Year Built: 2016 - 2017

Zoning: R-7.5

Unit Size: 1,405 – 2,418 square feet

Unit Type: 2, 3, and 4 Bedroom Units

Unit Amenities:

Fireplaces, 2 Car Garage, Covered Patios, Hardwood Floors, Custom

Cabinets, Granite Counter Tops, Walk-In Pantries

Amenities: Maintenance Free

School District: Liberty Public Schools

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Offering Description

12 UnitsIn-demand and market functional Multi-family Assets

$2,815,802 Offering PricePrice Per Unit = $234,650

6.75% Projected YearOne Cap rateOffers investors strong Reliable yield

92% LeasedQuality tenancy, stable cash flows

Nationally RecognizedPublic SchoolsLiberty Public Schools

Page 4: Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering

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Location Map

Page 5: Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering

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Aerial

Page 6: Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering

Photos

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Page 7: Villas of Northbrook Portfolio - LoopNet...TURN KEY INVESTMENT Villas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering

Michael VanBuskirk, SIOR, CCIM, CREExecutive Managing Director, PrincipalInvestment Sales and Capital [email protected]

Chris RobertsonAssociate DirectorInvestment Sales and Capital [email protected]

Justin [email protected]

Local Office Locations:

Kansas City1220 Washington St.,Suite 300Kansas City, MO 64105816.474.2000

Eastern Jackson County1485 SW Market StreetLee's Summit, MO 64081816.474.2000