41 UNITS | Built 1960
8700 Wornall Road, Kansas City, MO 64114
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Investment Opportunity
Portfolio Highlights
Each property includes Freddie SBL assumable debt with rates of 3.25% and maturities in December 2030
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, 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. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 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. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
4800 Main Street Suite 501 Kansas City, MO 64112 816.531.2884
Investment Sales
Kansas City OFFICE
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Mortgage Bankers
Nadine Fothergill
Transaction Manager 816.656.3703 nadine.fothergill@berkadia.com BREA #2002007397
Michael Spero Senior Director 913.980.8698 michael.spero@berkadia.com BREA # 2016012744
Niko Vrentas
Associate Director 913.991.0707 niko.vrentas@berkadia.com BREA #2023019061
PROPERTY FEATURES
On-Site Laundry Facilities
Plenty of Convenient, On-Site Parking
Lushly Landscaped with Manicured Grass, Mature Trees, Trimmed Shrubs, and Flowering Plants
Close to Parks, Schools, Stores, and Restaurants
Convenient Access to Interstate 70, State Route 79, Saint Charles Community College, St. Louis Lambert International Airport, and Downtown St. Louis
*In Select Units
Community Amenities
232 Amber Crest Dr O'Fallon, MO 63366
Amber Court
Spencer Creek
Amber Court
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Berkadia is pleased to offer the exclusive opportunity to acquire the Ashton Portfolio, Ashton Court and Ashton Place, strategic value-add multifamily properties located in the heart of Kansas City, Missouri. These properties stand out in the market with their strong locations and underlying market dynamics. Ashton Portfolio features a diverse array of unit types, with spacious one- and two-bedroom options, and six three-bedroom townhomes, catering to a wide range of tenants.
The properties are undergoing light landscaping updates to boost curb appeal, and exterior painting at Ashton Court, that will create a more welcoming environment for residents. Key amenities include laundry facilities, large closets, gas ranges, off-street parking, storage lockers, and a pool at Ashton Place, all designed to enhance the living experience and attract long-term tenants. Strategically situated near major transportation routes, shopping destinations, and entertainment venues, the Ashton Portfolio offers residents both convenience and a relaxed lifestyle. The properties are currently in a stabilization phase; however, due to their desirable locations, they offer significant potential for rental growth. This positions them as valuable assets for generating sustained income and capital appreciation.
Contact us today to discuss in further detail and arrange a property tour.
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Unique opportunity to acquire 78 units in Kansas City’s famed Waldo Neighborhood
The properties are located just ½ mile from one another, allowing for strong operating efficiencies
Retail amenities less than one mile away at Ward Parkway Shopping Center include Target, Trader Joe’s, Home Goods, PetSmart, and Chick-fil-A
Value-add upside through interior and exterior renovations
Just a short drive to the Country Club Plaza and Brookside Neighborhood
Property Description
# of total units: 87 Distance from city’s center: 1 mile north of the city’s center (O'Fallon) and 34 miles NW of Downtown St. Louis Year built: 1987 # of total buildings: 12 # of stories/floors in each building: one story Building materials: frame Exterior building materials: brick and siding Roof type: pitched roofs with composition shingles Acres of land: 5.88 acres Density: 14.80 units per acre Major street exposure: Tom Ginnever Ave
Unit Mix
30 studio units measuring 389 square feet each
46 one-bedroom units measuring 492 square feet each
11 two-bedroom units measuring between 860 and 895 square feet
Average unit size of 507 square feet
Mini Blinds
Large Windows
Private Patio
Private Entry
Washer and Dryer Connections (in Most Units)
Air Conditioning / Heating, Cable TV Ready, and High-Speed Internet Access
Unit Amenities
Swimming Pool with Sundeck
Community Room
Laundry Facilities
Covered Community Mailbox Area
Plenty of Convenient, On
Site Parking
Controlled Access
Lushly Landscaped with Manicured Grass, Mature Trees, and Trimmed Shrubs
Within Walking Distance of Covenant Park, Spencer Walking Trail, Stores, and Restaurants
Convenient Access to Interstate 70, State Routes 94 and 364, Lindenwood University, St. Charles
Community College, St. Louis Lambert International Airport, and Downtown St. Louis
# of total units: 240 Distance from city’s center: 4 miles SE of city’s center (St Peters) and 27 miles NW of Downtown St. Louis Year built: 1976 # of total buildings: 15 # of stories/floors in each building: two story Building materials: masonry Exterior building materials: brick and siding Roof type: mansard-stye / flat roofs with shingled overhangs Acres of land: 9.74 acres Density: 24.64 units per acre Major street exposure: Jungermann Rd
121 one-bedroom units measuring 720 square feet each
119 two-bedroom units measuring 860 square feet each
Average unit size of 790 square feet
*In Select Units
Community Amenities
Kitchen with Refrigerator, Electric Stove, Dishwasher, Dining Area, Pantry, and Plenty of Counter and Cabinet Space
Full Size Bathroom with Tub and Shower Combination
Plush Carpeting, Wood-Style Flooring, and Mini / Vertical Blinds
Walk-In Closet
Semi-Private Entry
Patio / Balcony with Sliding Glass Doors
Air Conditioning / Heating, Satellite TV Available, and High-Speed Internet Access
Unit Amenities
Property Description
Unit Mix
304 Donner Pass St Peters, MO 63376
Spencer Creek
37 UNITS | Built 1961
414 West 89th Street, Kansas, MO 64114
ASHTON COURT
Ashton Place
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Ken Aston Managing Director
314.984.5590 ken.aston@berkadia.com BREA # 2013008576
Simon Rodewald Financial Analyst 682.552.5468 simon.rodewald@berkadia.com BREA #2013008576
John Schorgl Managing Director 913.209.9815 john.schorgl@berkadia.com
Ben Thomas Senior Real Estate Analyst 816.656.3701 ben.thomas@berkadia.com
FREDDIE MAC LOAN ASSUMPTION AT 3.25%
FREDDIE MAC LOAN ASSUMPTION AT 3.25%
41 UNITS | Built 1960
8700 Wornall Road, Kansas City, MO 64114
Visit Doc Center
Visit Doc Center
Investment Opportunity
Berkadia is pleased to offer the exclusive opportunity to acquire the Ashton Portfolio, Ashton Court and Ashton Place, strategic value-add multifamily properties located in the heart of Kansas City, Missouri. These properties stand out in the market with their strong locations and underlying market dynamics. Ashton Portfolio features a diverse array of unit types, with spacious one- and two-bedroom options, and six three-bedroom townhomes, catering to a wide range of tenants.
The properties are undergoing light landscaping updates to boost curb appeal, and exterior painting at Ashton Court, that will create a more welcoming environment for residents. Key amenities include laundry facilities, large closets, gas ranges, off-street parking, storage lockers, and a pool at Ashton Place, all designed to enhance the living experience and attract long-term tenants. Strategically situated near major transportation routes, shopping destinations, and entertainment venues, the Ashton Portfolio offers residents both convenience and a relaxed lifestyle. The properties are currently in a stabilization phase; however, due to their desirable locations, they offer significant potential for rental growth. This positions them as valuable assets for generating sustained income and capital appreciation.
Contact us today to discuss in further detail and arrange a property tour.
