913-553-1733
7900 Conser St, Overland Park, KS for Sale
Apartments - FOR SALE
1/47
null | 6% Cap Rate

7900 Conser St
Overland Park, KS 66204
Historic Overland Park


HIGHLIGHTS

  • Irreplaceable “Live-Work-Play” Location in the Heart of Downtown Overland Park
  • $640M+ Investment Anchors Johnson County’s Premier Lifestyle Location
  • 20-Year Pay-As-You-Go TIF – Built-In Expense Relief & Cash Flow Support
  • Offered Free & Clear or with Assumable Financing
  • Exceptional Supply-Demand Dynamics Driving Rent Growth
  • Differentiated Amenity Package Including Underground Parking

OVERVIEW

As the exclusive advisor, MMG Real Estate Advisors is pleased to present the opportunity to acquire InterUrban Lofts, a 41-unit Class A community with unmatched positioning in Downtown Overland Park, KS. Delivered in 2016 and offered for the first time by its original developer, the property combines modern construction, oversized floorplans, and a comprehensive amenity package in one of Johnson County’s most vibrant, walkable neighborhoods. InterUrban Lofts benefits from a 20-year pay-as-you-go TIF agreement with significant reimbursements remaining. The property is offered free and clear of existing debt, with the option to assume an attractive life company loan at a fixed 3.97% rate through 2043 — two rare structural advantages that enhance cash flow and reduce long-term capital risk. Surrounded by more than $640M of recent public-private investment and located in an affluent trade area with household incomes above $95,000, the community appeals to a broad base of high-income renters seeking a live-work-play lifestyle within the highly regarded Shawnee Mission School District. With no near-term capital requirements and strong submarket fundamentals, InterUrban Lofts represents a unique opportunity to acquire a stabilized, high-performing asset with both immediate and long-term growth drivers.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

41

CAP RATE

6%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

InterUrban Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2016

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,635 SF

ZONING

OP

APN/PARCEL ID

NP62400002-0002

ASK ABOUT THIS PROPERTY

913-553-1733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

913-553-1733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.