PINE COLLIERS MEADOW TURLEY TOWNHOMES MARTIN TUCKER
Pine Meadow Townhomes Brochure - Cassidy Turley
Pine Meadow Townhomes Brochure - Cassidy Turley
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<strong>PINE</strong> <strong>COLLIERS</strong> <strong>MEADOW</strong> <strong>TURLEY</strong> <strong>TOWNHOMES</strong> <strong>MARTIN</strong> <strong>TUCKER</strong><br />
MULTI-FAMILY INVESTMENT SALE<br />
K A N S A S C I T Y<br />
• Asking Price: $13,000,000<br />
($127,450/unit)<br />
• Average unit size: 1,586 square<br />
feet<br />
• Class A asset in thriving Johnson<br />
County, Kansas<br />
• 102 Unit Townhome<br />
development in 26 buildings<br />
• 2008 year end submarket<br />
occupancy of 93%<br />
• Subject property current<br />
occupancy: 88.2%<br />
• Visibility along Shawnee Mission<br />
Parkway (34,135 ADT)<br />
• Year Built: 2005 – 2007<br />
• Stable Cash Flow with<br />
additional upside through<br />
increase of below market rents<br />
• Each unit includes attached<br />
garage with remote control<br />
access and inside entry to units<br />
• Superior unit design with<br />
spacious floor plans and ideal<br />
amenities<br />
• Superior demographics:<br />
Population – 62,271 within<br />
3-mile radius; Average<br />
Household Income - $79,297<br />
within 3-mile radius<br />
• Approximately 161,728 square<br />
feet of net rentable area located<br />
on 13.83 acres<br />
14202 W. 63rd TERRACE • SHAWNEE, K A N S A S<br />
2600 GRAND, SUITE 1000<br />
KANSAS CITY,MISSOURI<br />
816.221.2200<br />
WWW.CTMT.COM<br />
FOR MORE INFORMATION CONTACT:<br />
PETER A. STADLER BRANDON M. SIFERS M. KYLE HENNING<br />
DIRECTOR OF<br />
INVESTMENT SERVICES INVESTMENT SERVICES<br />
INVESTMENT SERVICES<br />
816.412.0259<br />
816.412.0239<br />
816.412.0208 2600 GRAND • SUITE 1000 bsifers@ctmt.com<br />
• KANSAS CITY • MISSOURI • 816.221.2200 khenning@ctmt.com • WWW.CTMT.COM<br />
pstadler@ctmt.com<br />
We know The State of Real Estate ®
<strong>PINE</strong> <strong>MEADOW</strong> <strong>TOWNHOMES</strong><br />
MULTI-FAMILY INVESTMENT SALE<br />
Proforma Income Analysis<br />
Income:<br />
Base Rent<br />
(proforma): $1,538,092 $15,079 /unit<br />
Additional Income: $51,143 $501 /unit<br />
Gross Rent: $1,589,235 $15,581 /unit<br />
Vacancy/Bad Debt<br />
(5%) $79,462<br />
Net Rental<br />
Income: $1,509,773<br />
Expenses:<br />
Taxes & Insurance $187,372 $1,837 /unit<br />
Administrative $42,302 $415 /unit<br />
Mgmt. Fee (3%) $45,293 $444 /unit<br />
Payroll $67,963 $666 /unit<br />
Utilities: $49,471 $485 /unit<br />
Repairs & Maint $93,752 $919 /unit<br />
Total Expenses: $486,153 $4,766 /unit<br />
70,200 ADT<br />
Perceptive<br />
Software<br />
Headqtrs.<br />
34,135 ADT<br />
Pine Meadow<br />
Townhomes<br />
Bayer Health<br />
Campus<br />
<br />
North<br />
Net Operating<br />
Income: $1,023,620<br />
10,365 ADT<br />
PETER A. STADLER<br />
DIRECTOR OF<br />
INVESTMENT SERVICES<br />
816.412.0208<br />
pstadler@ctmt.com<br />
FOR MORE INFORMATION CONTACT:<br />
BRANDON M. SIFERS<br />
INVESTMENT SERVICES<br />
816.412.0259<br />
bsifers@ctmt.com<br />
M. KYLE HENNING<br />
INVESTMENT SERVICES<br />
816.412.0239<br />
khenning@ctmt.com
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