MENU

Sunset Apartments

37 Units | Built 1962 / 2006

The Opportunity

Berkadia Real Estate Advisors has been retained as the executive investment advisor in the sale of Sunset Apartments. The acquisition of Sunset Apartments presents a unique opportunity to acquire a premier asset, with upside, in one of Kansas City’s most historic and highly sought-after locations.

Sunset Apartments sits on one of the city’s most prolific street corners, Ward Pkwy and Roanoke Pkwy, located on the west end of the Country Club Plaza. The premier location of the intersection allows for easy transit, both in and out, for residents on their daily commute. With two entrances to the property, one off of Ward Pkwy (leading to the 20-stall underground garage) and the other off of Roanoke (leading to the parking lot), residents have direct access to both streets.

The asset is conveniently placed in the ultra-desirable, urban location, pedestrian to Kansas City’s destination shopping and dining district consisting of 15 blocks, 100+ shops and 30 restaurants. Sitting within a couple blocks of the high-end dining and shopping of the Plaza, the asset’s location offers unmatched convenience for a luxurious lifestyle. With retailers such as Nordstrom (2021), Apple, Barnes and Noble, Coach, Lululemon, Nike, and a plethora of fine dining, residents have access to the finest stores in the city, all within walking distance.

The iconic Kansas City asset offers tremendous opportunity to take the unit interiors to a more modern, high-level finish. Of the current unit mix, 7 units have been upgraded thus far (including the 2B/2.5B office), achieving up to $250 on monthly rent premiums. By continuing the same level upgrades on the remaining units, Sunset Apartments has the ability to increase annual rents by $100,260.

Investment Highlights

  • High-Profile, Iconic Asset Located on The Country Club Plaza
  • Irreplaceable Hard Corner Location at Ward and Roanoke
  • Two Blocks from The Plaza's new Anchor Tenant, Nordstrom
  • Upgraded Units Achieving $250+ Premiums
  • Structured Parking - Secured and Underground
  • In-place Verizon Cell Tower Lease

THE PROPERTY

UNIT Amenities

  • Refrigerator
  • Stove
  • Microwave
  • Dishwasher
  • Ceiling Fans
  • New Lighting*
  • Open Floor Plans
  • Stainless Steel Appliances*
  • Granite Counter-tops*
  • Hardwood Floors*
  • Washer & Dryer Connections*

*Select Units

COMMUNITY Amenities

  • Secured Entry
  • Paid Trash Pickup
  • Elevator
  • Onsite Laundry Facilities
  • Additional Storage
  • 24/7 Fitness Center
  • Garage Parking Available
  • Off-Street Parking Available
  • Lush Landscaping
  • Onsite Management

Country Club Plaza

Located only a few short blocks from Sunset Apartments, Country Club Plaza is a beautifully designed mixed-use shopping center. Designed in a Seville Spanish style, the 55-acre Plaza consists of 18 buildings with 804,000 square feet of retail space and 468,000 square feet of office space as well as encompassing more than 30 statues, murals, and tile mosaics on display. Other major architectural reproductions include a half-sized Giralda Tower or Seville, and San Francisco's Path of Gold streetlights.

The Plaza is also the first shopping center designed to accommodate shoppers arriving by cars. With more than 130 stores, upscale retailers include:

  • Coach
  • Michael Kors
  • Kate Spade New York
  • The Capital Grille
  • Eddie V's Prime Seafood
  • Cheesecake Factory
  • Lululemon
  • Nike
  • Apple
  • Barnes & Noble
  • The North Face
  • Tesla
  • Starbucks
  • Nordstrom coming in 2021

 

ECONOMIC SNAPSHOT

DOCUMENT CENTER

CONTACT US

Investment Advisors

ALEX BLAGOJEVICH

Managing Director

alex.blagojevich@berkadia.com

312.845.3088

MICHAEL SULLIVAN

Senior Director

michael.sullivan@berkadia.com

816.759.0369

MO License #2006007641

DOMINIC MARTINEZ

Director

dominic.martinez@berkadia.com

816.759.0368

MO License #2018029703

BRETT MEINZER

Director

Brett.Mainzer@berkadia.com

816.759.0377

MO License #2013036603

KANSAS CITY OFFICE

4800 Main Street

Suite 501

Kansas City, MO 64112

816.531.2884 | Fax: 816.531.6188

Berkadia.com

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