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.
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12407 East 43rd Street S | Independence, MO 64055
Michael Spero
Senior Director
913.980.8698
michael.spero@berkadia.com
NIKO VRENTAS
Associate Director
913.991.0707
niko.vrentas@berkadia.com
Ken aston
Managing Director
314.984.5590
ken.aston@berkadia.com
INVESTMENT SALES
John Schorgl
Managing Director
913.209.9815
john.schorgl@berkadia.com
Ben Thomas
Senior Real Estate Analyst
816.656.3701
ben.thomas@berkadia.com
Mortgage banking
KANSAS CITY OFFICE
4800 Main Street
Suite 501
Kansas City, MO 64112
816.531.2884
CONTACT US
GALLERY
Amenities
Private Balcony / Patio*
On-Site Laundry Facilities
Outdoor Covered Pavilion with
Grilling / Dining Area
Pet Friendly
Carports
Walking Distance to Blue Ridge
Crossing Shopping Center *In Select Units
THE property
1.
Assumable Freddie Mac Small Balance Loan (SBL):
» 3.35% Interest Rate
» $2.25M Loan Balance
» 10-Year Term
» Originated 4/1/2021
» Approximately 7-Years Remaining (Matures 5/1/31)
» 30-Year Amortization
» Interest Only Period Ended 5/1/2024
» Originated by Lument Capital
Over $540,000 in CapEx Completed by Seller between 2020-2021 » ~$350k on unit upgrades
» Exterior Paint - $69,000
» TPO Roof x3 - $75,000
» Landscaping - $12,000
» Addition of courtyard grilling/dining area - $10,200
» New signage - $5,000
» Hot water heaters x15 - $14,250
» AC/Furnace x10 - $36,400
Strategic value-add opportunity through interior unit renovations
2.
3.
4.
INVESTMENT HIGHLIGHTS
Berkadia is pleased to offer the exclusive opportunity to acquire Oxford Commons, a strategic value-add multifamily property located in the heart of Independence, Missouri. This property stands out in the market with its strong location and underlying market dynamics. Oxford Commons features a diverse array of unit types, including spacious studio, one-, and two-bedroom options, catering to a wide range of tenants.
The property is well-maintained, boasting attractive landscaping and curb appeal that creates a welcoming environment for residents. Key amenities include two on-site laundry facilities, a spacious courtyard with pavilion and grill area, and covered parking options, all designed to enhance the living experience and attract long-term tenants.
Strategically situated near major transportation routes, shopping
destinations, and entertainment venues, Oxford Commons offers residents both convenience and a relaxed lifestyle. The property consistently demonstrates strong occupancy rates and has potential for rental growth, making it a valuable asset for sustained income and capital appreciation.
Contact us today to discover more about what Oxford Commons has to
offer.
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EXECUTIVE SUMMARY
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12407 East 43rd Street S | Independence, MO 64055
1969/2021
Built/ Renovated
34,950
SQFT
42
UNITS
The Opportunity
The Property
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The PROPERTY
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BREA # 2016012744
BREA # 2023019061
BREA # 2013008576
» Existing units with full upgrade package include: luxury vinyl plank (LVP) flooring, laminate countertops, white cabinets, black appliances, updated fixtures, shower tile, and fresh paint
Managed by local 3rd party firm CJ Real Estate, Inc
Given that no new product is currently under construction in Independence and occupancy in the city is at 94%, existing owners of multifamily product do not have to compete with an oversupply. Just two market-rate properties have delivered since 2020 – these have both been larger (225+ units) Class A deliveries.
Simon Rodewald
Financial Analyst
682.552.5468
BREA # 2013008576
simon.rodewald@berkadia.com