Berkadia is pleased to present the exclusive opportunity to acquire Trolley Park Lofts, a coveted multifamily loft asset located in Downtown Kansas City, MO – just minutes from the T-Mobile Center, Power & Light District and a host of major local employers.
Fully renovated in 2019, Trolley Park Lofts offers 55 units, comprised of 29 one-bedroom units and 26 two-bedroom residences, with an average size of 907 square feet. Residents enjoy walkability to neighborhood amenities, in addition to spacious floor plans, high ceilings and a comprehensive amenity package including a fitness center, clubhouse, outdoor common areas, controlled access system, bicycle storage, lobby area and resident storage space. The property also features approximately 6,800 square feet of ground floor commercial office space that is currently leased to a single tenant through November 2030.
With in-place rents below those of many competing properties, there is significant potential to increase revenue through a strategic value-add program.
Contact us today to discuss this unique investment opportunity in further detail and to arrange a property tour.