property highlights · - debruce grain - dst systems - garmin - great plains energy - h&r block...

Available For Sale Gateway Retreat Apar tments15400 Bellaire Avenue | Grandview, MO 64030

4400 College Boulevard Suite 170Overland Park, Kansas 66211+1 913 362 1000nai-heartland.com

Jon England, CCIM, [email protected]+1 913 890 2002

For more information contact:

Property Highlights• Total of 37,490 SF in 55 apartment units • Four (4) buildings on 2.56 acre lot• 96% occupied

• Ample parking space• Quick access to 71 Highway• For Sale: $3,695,000 ($67,182 per unit)





• This offering is subject to prior placement and withdrawal, cancellation or modification without notice.

• The information presented in this package is strictly confidential. It is presented to and intended only for the individual receiving it from NAI Heartland, and should not be made available to any person without consent of NAI Heartland.

• This package has been prepared to provide summary information to prospective purchasers. It does not, however, purport to present all material information regarding the property. It is not a substitute for a thorough due diligence investigation. The information contained herein has been carefully compiled from sources we consider reliable, and while not guaranteed as to completeness or accuracy, we believe it to be correct as of January 2018.

• NAI Heartland and Jon England, CCIM, SEC, strongly recommend that any prospective purchasers conduct an in-depth investigation of every physical and financial aspect of the property to determine if the property meets their needs and expectations. We also recommend that prospective purchasers consult with their engineering, tax, financial, and legal advisors on any matters that may affect their decision to purchase the property.

DISCLAIMER





Unit Type Number of Units Unit Size (SF)1 Bdr 1 Bath 47 6702 Bdr 2 Bath 8 750

Totals 55

Unit Mix

This apartment complex is on a 2.56 acre lot and includes a total of 55 units in four buildings, with 37,490 RSF total. Each building has a total of two stories.

Property Description

Name: Gateway Retreat Apartments - 15400 Bellaire Ave, Grandview, MOUnits: 55Built: 1960Metering: MasterHVAC: CentralHot Water: Common Water HeaterRoof: UnknownExterior: Brick

Property Summary

Bellaire Ave

N





N

SITEAPPROX. DRIVING TIMES TO PROPERTYLee’s Summit, MO 15 minutes

Downtown Kansas City, MO 20 minutes

Overland Park, KS 20 minutes

Kansas City International Airport 45 minutes





N

155th St

150

Bellaire Ave

National Nuclear

Security Administration

155th St

Distribution Center

Distribution Center

SITE

150





Kansas City Metro Market

Introduction

The Property is located in Kansas City, Missouri and is included in the Kansas City Metropolitan Statistical Area. In Greater Kansas City you will find:

• One of the fastest growing major job markets in the Midwest• Lower business and lifestyle costs than most major metros• A well-educated, extremely productive workforce• The most geographically-central major metro in the country

Major Corporate Headquarters in KC:

- AMC Entertainment

- American Century

- Black & Veatch

- Burns & McDonnell

- Cerner Corporation

- Commerce Bancshares

- DeBruce Grain

- DST Systems

- Garmin

- Great Plains Energy

- H&R Block

- Hallmark Cards

- Hill’s Pet Nutrition

- JE Dunn

- Newport Television

- Collective Brands

- Seaboard Corporation

- Sprint

- UMB Financial

- Westar Energy

- YRC Worldwide

- Bayer Corporation

- Caremark Rx

- Citi Cards

- DHL

- Farmers Insurance

- Federal Express

- Federal Express Ground

- Federal Express

- SmartPost

- Fidelity National Financial

- General Motors

- Home Depot

- International Speedway Corp

- John Deere

- Kimberly-Clark

- Liberty Mutual Group

- Lowe’s

- Mars Petcare U.S

- MasterCard International

- MWI Veterinary Supply

- Pacific Sunwear

- Prescription Solutions

- Sara Lee

- Sergeant’s Pet Care

- Smith Electric Vehicles

- U.S. Corporation

- State Street

- Synbiotics Corporation

- T-Mobile USA

- Target

- U.S. Bank

- Wal-Mart

Kansas City’s combination of big-city business amenities and small-market ease of living have made the metro a magnet for investment. Recent announcements to either locate significant new operations or expand existing operations have been made by:

Major Employers in KC:





Kansas City Metro MarketMajor Employers

Kansas City’s economy is recognized as one of the most diverse among

the Employers Nation’s mid-sized cities with no one sector comprising

more than 15% of the overall economy. The largest employers in

Kansas City are entities of the local, state and federal government

which constitute 14.7% of local employment.

Closely following are the professional and business services firms and

the education and health services companies with 14.2% and 11.5%,

respectively, of Kansas City employment. Leisure and hospitality

services comprise 9.6% of Kansas City employment, and manufacturing

accounts for 8.3%. Kansas City is also a hotbed of entrepreneurial and

small business activity with 99% of all local companies employing fewer

than 250 people.

Kansas City economy is not solely dependent upon specific businesses

or upon a single industry. This healthy diversity is illustrated among

some of Kansas City’s other significant employers which include Ford

Motor Company (manufacturing), HCA, Inc. (health services), and Sprint

Corporation (telecommunications).

The federal government is the largest employer in the Kansas City

metropolitan area with over 25,000 employees across a variety of

positions and government agencies including the Internal Revenue

Service, Federal Reserve Bank, Veterans health Administration and

GSA. Also, major technology companies in Kansas City Area have made

a tremendous impact on the local community and the economy. Sprint

Nextel is one of the premier wireless companies in the country and the

second largest employer in the city with over 16,000 employees.

Greater Kansas City is headquarters to three Fortune 500 companies

including Sprint Nextel Corporation, H&R Block and YRC Worldwide

Inc. and also has additional Fortune 1000 corporations including

Interstate Bakeries Corporation, Great Plains Energy, Aquila, AMC

Theatres, and DST Systems. H&R Block’s new 600,000 square foot

corporate headquarters in downtown will remain a significant economic

driver in Kansas City’s continued urban revitalization. Hallmark Card’s

gross revenues would qualify for either list, but it is not included as it is

privately owned.

Kansas City is Home of 3 FORTUNE 500 Companies:Company Rank Revenue (Millions)Sprint 67 $32,260

YRC Worldwide 396 $5,283

H&R Block 493 $4,213





Kansas City Metro Attractions

Jon England, CCIM, SEC Profile

INVESTMENT & MULTIFAMILYSpecializing in

brokerage

Jon S. England

PARTIAL CLIENT LIST

» Roc Bridge

» Girl Scouts of America

» Charter West Bank

» Midwest Trust

» Reece & Nichols Realtors

» Property Capital Advisors

» ICON International

» Crown Center Redevelopment

» Emprise Bank

» Pacific Western Bank

» Hudson Advisors

PROFILE

Jon England is a licensed Kansas and Missouri Real Estate Broker and a graduate of the University of Nebraska-Lincoln Business Administration Program. Jon is an active board member for the Kansas City CCIM Chapter. He is currently the only Missouri Broker to be a member of the Society of Exchange Counselors (SEC), a national “by invitation only” real estate group that holds regular marketing sessions around the United States which Jon attends on behalf of his clients. Through specialized education Jon has expertise in all types of real estate, marketing methods, and exchanging of property assets to accomplish creative solutions to meet all types of investment goals.

Jon specializes in Investment Sales, Office, Self Storage and Strategic Consulting. Jon Creates value for his clients through individual consideration of investment goals, problem solving and superior market understanding.

CAREER SUMMARY

As a Commercial Real Estate Advisor, Jon has been involved with Real Estate Development, Built-to-Suit and New Construction, Site Selection & Acquisition, Leasing, 1031 Exchange Transactions, Commercial Investment Real Estate Sales, and Tenant & Landlord Representation in the Greater Kansas City Metro Region. Jon’s recent notable transactions include the following:

» Self Storage - Multiple Facilities Sold - KS/MO 780,000+ SF / 4,952 Units

» Armaine Apartments - Kansas City, MO 40,326 SF / 48 Units

» Westwood Manor MHP - Liberty, MO 25 Acres / 80 Units

» Forest Hills MOB Portfolio - Independence, MO 18,200 SF

» Reece & Nichols - Ground-up Build-to-Suit Project 15,500 SF

» Net Leased Office - 3350 Ralph Powell, Lee’s Summit, MO 18,500 SF

» Coronado Shops - Net Leased Retail - Blue Springs, MO 14,078 SF

» Girl Scouts Camp/Building Portfolio 23,783 SF / 435 Acres

» Blue Ridge Medical Office Sale to VA Hospital 42,000 SF / 5.5 Acres

» Extra Space Storage - Shawnee, KS 126,600 SF

EXPERIENCE

• 2016 to Present: Partner, NAI Heartland

• 2011 to 2016: Principal, Lee & Associates

• 2006 to 2011: Cassidy Turley, Colliers Turley Martin Tucker

• 2001 to 2006: Meyer Companies, Inc.

ACHIEVEMENTS

• 2011: Costar Power Broker Award

• 2011: Investment Broker of the Year, KC Realtor Assoc.

• 2009 - 2017: Board of Directors, KC CCIM Chapter

• 2015 - Present: Board of Governors, Society of Exchange

Counselors

EDUCATION

• B.A. in Business Administration from the University of Nebraska - Lincoln

PERSONAL ACHIEVEMENTS

• Guest Lecturer: UMKC Real Estate School

• 2011 to Current: Counselor, Society of Exchange Counselors

• 2007 to Current: De LaSalle Education Center, Volunteer

• 2006 to Current: CCIM Member

• 2006 to Current: United Way Young Leaders Society

CCIM, SECPartner

office +1 913 362 1000cell +1 816 916 5575fax +1 913 362 6700

[email protected]

4400 College Blvd, Suite 170 Overland Park, KS 66211

property highlights · - debruce grain - dst systems - garmin - great plains energy - h&r block...

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