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.
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:
MO License #2006007641
MO License #2018029703
MO License #2013036603
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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