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InterUrban Lofts 7900 Conser St 41 Unit Apartment Building For Sale 6% Cap Rate Overland Park, KS 66204
INVESTMENT HIGHLIGHTS
- Irreplaceable “Live-Work-Play” Location in the Heart of Downtown Overland Park
- 20-Year Pay-As-You-Go TIF – Built-In Expense Relief & Cash Flow Support
- Exceptional Supply-Demand Dynamics Driving Rent Growth
- $640M+ Investment Anchors Johnson County’s Premier Lifestyle Location
- Offered Free & Clear or with Assumable Financing
- Differentiated Amenity Package Including Underground Parking
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 6% | Building Size | 40,911 SF |
| No. Units | 41 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.66/1,000 SF |
| Building Class | A | ||
| Zoning | OP | ||
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.57 AC |
| Building Size | 40,911 SF |
| Average Occupancy | 93% |
| No. Stories | 4 |
| Year Built | 2016 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | OP |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Carpet
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Elevator
- Lounge
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | $2,427 CAD | 772 - 968 |
| 2+2 | 10 | $3,385 CAD | 1,250 - 1,539 |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | NP62400002-0002 | Improvements Assessment | $2,136,633 CAD |
| Land Assessment | $21,393 CAD | Total Assessment | $2,158,026 CAD |
PROPERTY TAXES
Parcel Number
NP62400002-0002
Land Assessment
$21,393 CAD
Improvements Assessment
$2,136,633 CAD
Total Assessment
$2,158,026 CAD
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InterUrban Lofts | 7900 Conser St
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