Berkadia's Mid Markets Investment Sales Team is pleased to present the exclusive opportunity to acquire Broadway / StoneSide, a 116-unit property located in Gladstone, MO and Kansas City’s Northland Submarket. The asset is conveniently located just off 169 Highway and is minutes away from nationally anchored restaurants and retail.
Broadway / StoneSide benefits from extensive capital improvement projects totaling more than $600,000 under current ownership. These strategic property improvements will benefit the asset and the investment for years to come. Given the great overall condition and excellent location of the real estate, this will allow a new investor to focus adding value to the investment by continuing to burn off the in-place loss to lease and pushing rents with simple interior upgrades. Further, a significant portion of the in-place rents not only lag the competition but lag the rents that have been achieved by the property in the recent months.
4800 Main Street
Kansas City, MO 64112
816.531.2884 | Fax: 816.531.6188
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.
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