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Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, PrincipalInvestment Sales and Capital [email protected]
Chris RobertsonAssociate DirectorInvestment Sales and Capital [email protected]
Justin [email protected]
Greystone Four-PlexPortfolio
GRAIN VALLEY | MISSOURI
Zimmer Real Estate Services is pleased to present theGreystone Place four-plexes, a multifamily portfolio containingeight buildings with four units each located in the rapidly growingGrain Valley, Missouri market. The portfolio was recentlyconstructed in 2017 offering investors a stable and reliable turnkey investment opportunity.
Greystone Place is located in a quiet neighborhood withconvenient access to Interstate 70. Nearby retail corridors along I-70 offer residents a myriad of shopping, dining and servicedestinations. Nearby retail corridors along I-70 offer residents amyriad of shopping, dining and service destinations. Less thanone mile away, residents will soon enjoy access to a new grocerystore and B&B theaters at NE McQuerry Road and Buckner-Tarsney Road. The residents at Greystone Place benefit fromaccess to the highly regarded Grain Valley School District. TheGrain Valley High School was named among the MostChallenging U.S. High Schools by the Washington Post and isranked in top five percent of public high schools in the UnitedStates.
INVESTMENT HIGHLIGHTS
STABLE CASH FLOWSThe Greystone Place multifamily portfolio offers stablecash flows with a strong existing return at 87% occupancyand low turnover with a majority of the tenants made upof families and seniors who occupy for more than 12months at a time.
HIGHLY DESIRABLE RENTAL UNITSThe Greystone Place features attractive and highly desiredfinishes and amenities including hardwood floors, walk-inclosets, garages, and more.
STRONG MARKET DYNAMICSThe Grain Valley multifamily market conditions continueto improve as population and employment continues togrow. The market continues to tighten, as vacancy rateshave dropped over the past year and quoted rental ratesincreased in the majority of local submarkets.
TURN KEY INVESTMENTGreystone Place is a brand new construction projectconsisting of eight four-plex buildings built within the last12 months offering investors a clean and hassle freeinvestment.
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Executive Summary
Greystone Place
Property Address 1500 – 1546 NE Erin Court, GrainValley, Missouri
Number of Units 32 units
Square Footage 45,632 square feet
Occupancy 87%
Year Built 2017
Zoning R-1 & R-3
Unit Size 1,316 – 1,536 square feet
Unit Type 3 Bedrooms/ 2.5 Baths
Unit AmenitiesOne and Two Car Garages,Hardwood Floors, Custom Cabinets,Walk-In Pantries, Washer and Dryers
School District Grain Valley R-5
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Offering Description
32 UnitsIn-demand and market functional Multi-family Assets
$5,031,000 Offering Price$157,218 per Unit
6.75% Projected Year One Cap rateOffers investors strong Reliable yield
87% LeasedQuality tenancy, stable cash flows
Nationally Recognized Public SchoolsGrain Valley Public Schools
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Local Office Locations: Kansas City1220 Washington StreetSuite 300Kansas City, MO 64105816.474.2000
Eastern Jackson County1485 SW Market StreetLee's Summit, MO 64081816.474.2000
Michael VanBuskirk, SIOR, CCIM, CREExecutive Managing Director, PrincipalInvestment Sales and Capital [email protected]
Chris RobertsonAssociate DirectorInvestment Sales and Capital [email protected]
Justin [email protected]
