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Greystone Villas Portfolio
GRAIN VALLEY | MISSOURI
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]
Zimmer Real Estate Services is pleased to present theGreystone Villas, a multifamily portfolio containing 32 villaslocated in the rapidly growing Grain Valley, Missouri market. Theportfolio was recently constructed in 2015 through 2017 offeringinvestors a stable and reliable turn key investment opportunity.
The Greystone Villas are 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 Villas 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 Villas multifamily portfolio offers stablecash flows with a strong existing return at 91% 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 Villas features attractive and highlydesired finishes and amenities including hardwoodfloors, granite countertops, walk-in closets, finishedbasements, two car garages, covered patios, fireplacesand 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 Villas is a brand new construction projectconsisting of 32 villas built within the last 24 monthsoffering investors a clean and hassle free investment.
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Executive Summary
Greystone Villas
Property Address:1502 – 1518 NE Jaclyn Dr, 200 – 215Katie Ct, 200 – 215 Kim Ct, GrainValley, Missouri
Number of Units: 32 units
Square Footage: 68,800 square feet
Occupancy: 91%
Year Built: 2015-2017
Zoning: R-1 & R-3
Unit Size: 2,150 square feet
Unit Type: 2 & 4 Bedrooms
Unit Amenities:
2 Car Garage, Covered Patios,Hardwood Floors, CustomCabinets, Granite Counter Tops,Walk-In Pantries, Washer andDryers
Amenities: Maintenance Free
School District: Grain Valley R-5
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Offering Description
32 UnitsIn-demand and market functional Multi-family Assets
$6,003,896 Offering Price$187,621 per Unit
6.75% Projected Year One Cap rateOffers investors strong Reliable yield
91% LeasedQuality tenancy, stable cash flows
Nationally Recognized Public SchoolsGrain Valley Public Schools
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Multifamily Market Overview
– Grain Valley Submarket
Vacancy RatesMARKET RENT GROWTH
Over the last 24 to 36 months the Kansas City multifamilymarket has seen a substantial increase in rents for allmultifamily units including an increase of nearly 10% forclass B and C product. Class A deliveries continue to drivedemand throughout the market.
VACANCY
Positive absorption totals have enabled the local apartmentmarket to see improved vacancy rates over the last severalyears.
4.1% Vacancy RateIn-demand multifamily rentals drive down market vacancy rates
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Location Map
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Aerial
Photos
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Local Office Locations: Kansas City1220 Washington St.,Suite 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]
