MENU

Shadow Creek at the Trails

Value-Add Near $4 Billion Cerner Campus

Investment Highlights

  • Full Reposition Opportunity with a Clear Exit Strategy
  • Cerner's Innovation Campus is Located Adjacent: Across Bannister Road
  • A $4.5BB Local Demand Driver that will Employ 16,000 Newly Created Jobs
  • Located in a PIEA District Providing Tax Benefits for 25 Years
  • Increase the Unit Count to 252 by Converting Laundry Rooms to Apartment Units
  • Offered Free and Clear of Existing Debt

The Opportunity

Berkadia Real Estate Advisors is pleased to present the exclusive opportunity to acquire Shadow Creek at the Trails, a 231-unit value-add opportunity located in south Kansas City and across the street from Cerner’s new $4.5 billion, 16,000 employee Innovation Campus.

  • Cerner broke ground in 2014 on their 4.7-million-square-foot
  • Innovations Campus located less than one mile southeast of Stonehaven South.
  • A total of 16,000 employees are scheduled to be located at the campus over the next decade, the majority of which will be newly created high-paying software engineering jobs.
  • The Kansas City-based healthcare IT (medical records) company is the metro’s largest employer employing approximately 10,000 currently.
  • At $4.5 billion, the development is the largest in Kansas City history.
  • The first 3,000 employees moved into the campus in the first half of 2017.
  • Construction is underway on the next two phases (Phases III and IV) of the campus - These phases will nearly double the amount of office space currently at the Innovations Campus, creating room for an additional 3,000 employees in the short term.

VALUE-add opportunity

Built in 1971, Shadow Creek is an attractive 231-unit apartment community located in the southeast quadrant of the Kansas City MSA.  The property consists of 80 750-square-foot, one-bedroom units, 96 970-square-foot, two-bedroom units, and 55 1,015-square-foot, two-bedroom units. The exterior is wood siding and brick, and roofs are pitched with composition shingles.

Amenities in the spacious units include a kitchen with refrigerator, disposal, and dishwasher, a ceiling fan, window coverings, large closets, a separate dining room, a private patio or balcony, and available high-speed Internet.

The community offers a clothes care center, controlled access, a sparkling, Olympic-sized swimming pool with sundeck, a business center, a clubhouse with resident lounge, a fitness center, a playground, and picnic areas. Beautiful, mature landscaping helps to create a relaxing atmosphere for residents.

1 Bedroom $750

2 Bedroom $868

SF Average 892

UNIT Amenities

  • Refrigerator
  • Dishwasher
  • Stove
  • Oven
  • Microwave
  • Pantry*
  • Air Conditioning
  • Cable TV
  • Spacious Floor Plans
  • Patio/Balcony*

*In Select Units

COMMUNITY Amenities

  • Swimming Pool
  • Fitness Center
  • Clubroom with Full Kitchen
  • Business Center
  • Playground
  • Picnic Areas
  • 21 Laundry / Storage Facilities

LOCATION

CONTACT US

Investment Advisors

MICHAEL SULLIVAN

Senior Director

michael.sullivan@berkadia.com

816.759.0369

BRETT MEINZER

Director

brett.meinzer@berkadia.com

816.759.0366

DOMINIC MARTINEZ

Associate Director

dominic.martinez@berkadia.com

816.656.3702

ALEX BLAGOJEVICH

Managing Director

alex.blagojevich@berkadia.com

312.845.3088

KANSAS CITY OFFICE

4800 Main Street

Suite 501

Kansas City, MO 64112

816.531.2884 | Fax: 816.531.6188

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.
©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx