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817, 905 & 929 Jefferson Street | Kansas City, MO 64105
295
UNITS
1950
BUILT
138,266
SQFT
The Opportunity
The Property
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INVESTMENT HIGHLIGHTS
1.
2.
295 Units
3.
Average Unit Size: 469 SF
4.
Buildings: 3
Value-Add Opportunity
EXECUTIVE SUMMARY
Berkadia is pleased to present the exclusive opportunity to acquire The KC High Line & Quality Hill Towers in Downtown Kansas City, Missouri.
Originally built in 1950, this three-tower property offers investors immediate scale in Kansas City’s high-growth and revitalized urban core, and at a discount to replacement cost. The KC High Line (98 units at 929 Jefferson) was renovated in 2018, and renovated unit interiors include open living spaces, energy-efficient GE stainless steel appliances, modern cabinetry, white Silestone countertops and wood-style flooring. Buildingwide renovation projects completed at The KC High Line include upgrades to the lobby, hallways, laundry room, pool area and fitness center, in addition to a newly built yoga studio, leasing office, and resident lounge. Quality Hill Towers (96 units at 817 Jefferson St. and 101 units at 905 Jefferson St.) offer investors strong, near-term rental upside by implementing interior and buildingwide upgrades to continue the proven renovation program.
Community amenities include a resort-style swimming pool with surrounding sundeck and cabana, resident lounge with seating area and coffee bar, fully equipped fitness center and yoga studio, a 24-hour laundry facility, storage units and on-site parking.
The asset is being offered free and clear of existing debt.
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COMMUNITY AMENITIES
• Resort-style pool with surrounding sundeck and cabana
• Fully equipped 24-hour fitness center with high-tech cardio equipment and training system
• WellBeats virtual trainer
• Resident lounge with Wi-Fi and HDTV
• Complimentary coffee bar with Starbucks coffee
• Pet-friendly community
• Storage units
• 24-hour laundry facility
• Controlled-access building
• 24-hour emergency maintenance
• On-site parking in prime downtown location
APARTMENT FEATURES
The KC Highline Unit
• Stainless steel appliances with gas ranges
• Quartz countertops and custom backsplash
• Custom European cabinets
• Luxury wood-look flooring with carpeting in bedrooms
• Open-floor concept
• Remote-control ceiling fans
• Energy-efficient LED lighting
THE property
GALLERY
CONTACT US
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 company business in Nevada.
© 2023 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. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Michael Spero
Senior Director
michael.spero@berkadia.com
INVESTMENT SALES
KANSAS CITY OFFICE
4800 Main Street
Suite 501
Kansas City, MO 64112
816.531.2884
913.980.8698
NIKO VRENTAS
Associate Director
913.991.0707
niko.vrentas@berkadia.com
Simon Rodewald
Financial Analyst
682.552.5468
simon.rodewald@berkadia.com
Ken aston
Managing Director
314.984.5590
ken.aston@berkadia.com
John Schorgl
Managing Director
913.209.9815
john.schorgl@berkadia.com
Ben Thomas
Senior Real Estate Analyst
816.656.3701
ben.thomas@berkadia.com
Mortgage banking
The KC High Line
& Quality Hill Towers
5.
Year Built: 1950 (The KC High Line Updated through 2018)
6.
Free & Clear Offering
Quality Hill Unit
• White appliances, Formica countertops and wood-style cabinetry
• Carpeting throughout
• Ceiling fans
• Gas ranges
• Air conditioning and gas heat
Jake Adoni
Associate Director
215.328.1324
jake.adoni@berkadia.com
817, 905 & 929 Jefferson Street | Kansas City, MO 64105
The KC High Line & Quality Hill Towers
TJ Piper
Director
215.328.3219
tj.piper@berkadia.com
The Opportunity
The Asset
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Contact
Doc Center
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