Commerce Tower

355 Units | Built 2017

The Opportunity

Berkadia Real Estate Advisors have been exclusively retained to offer qualified investors the opportunity to purchase Lenexa Crossing, a conventional 280-unit multifamily asset located in Johnson County, one of Kansas City's most desirable submarkets.


  • Interior renovations have been completed on approximately 75% of the property.
  • These units have received marginal cosmetic upgrades and have well received by the market and are achieving a premium of $60 to $90 over non-renovated units.
  • A systematic approach to upgrading the remaining 25% of the ‘classic’ units will strengthen revenues and increase NOI to inherently create additional value.


Investment Highlights

  • Value-Add Opportunity with Proven Rent Upside
  • Current Interior Renovations Achieving Premiums of Up To $90
  • Additional Upside with a More Comprehensive Unit Upgrade Package (Cabinets, Solid Surface Countertops, Appliances, etc.)
  • Capture Additional Upside as Renewals and New Leases Are Executed
  • Affluent Johnson County Location Near the College Boulevard Office Corridor and Oak Park Mall
  • Offered with Assumable Freddie Mac Debt or Free & Clear

Investment Highlights

  • High-Profile Asset with Best-in-Class Finishes and Amenities
  • Irreplaceable Downtown/CBD Location; Walkable to Power and Light
  • $450,000 in Rental Income Potential with Addition of 39 Units
  • Transit-Oriented Location with Adjacent Streetcar Stop
  • Attractive, Fully Amortizing 3.71% Fixed Rate HUD Debt
  • Long-Term Tax Incentives Including 100% Abatement & 13-Year TIF


Interior Features

  • Fully Equipped Kitchen
  • Stainless Steel Appliances
  • Quartz Countertops
  • Hardwood Floors
  • Soft-Close Cabinets
  • Under Cabinet Lighting
  • Tiled Kitchen Backsplash
  • Ceiling Fans*
  • Smart Key Entry
  • Sensor Lighting
  • Walk-in Closets*
  • Washer / Dryer

*In Select Units

Community Amenities

  • State-of-the-Art Fitness Center
  • Yoga Room
  • Media Room
  • Bike Storage
  • Indoor Dog Park
  • Business Center
  • Valet Dry Cleaning


Downtown Kansas City

Over 123,100 Employees

in Kansas City

More than $3.5 billion earned in annual wages

Approximately 43% of the population are millennials

Commerce Bank

Downtown Kansas City is the economic center of the region and serves as the Central Business District of the city, state, and metropolitan area. Some of the largest office tenants include Commerce Bank, Federal Aviation Administration, National Association of Insurance Commissioners, UMB, and H&R Block.

H&R Block


Investment Advisors


4800 Main Street

Suite 501

Kansas City, MO 64112

816.531.2884 | Fax: 816.531.6188

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 loan brokerage business in Nevada. 

©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: