the drake exclusive multifamily offering...phoenix, az 85016 return service requested property...

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71 UNITS | $3M+ RENOVATIONS | PRIME LOCATION THE DRAKE | EXCLUSIVE MULTIFAMILY OFFERING a Berkshire Hathaway and Jefferies Financial Group company

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Page 1: THE DRAKE EXCLUSIVE MULTIFAMILY OFFERING...Phoenix, AZ 85016 RETURN SERVICE REQUESTED PROPERTY INFORMATION BUILDING UNITS 71 BUILT 1920 (Holly20), 1920 (Mercier), 1974 (The Drake)

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71 UNITS | $3M+ RENOVATIONS | PRIME LOCATION

THE DRAKE | EXCLUSIVE MULTIFAMILY OFFERING

a Berkshire Hathaway and Jefferies Financial Group company

Page 2: THE DRAKE EXCLUSIVE MULTIFAMILY OFFERING...Phoenix, AZ 85016 RETURN SERVICE REQUESTED PROPERTY INFORMATION BUILDING UNITS 71 BUILT 1920 (Holly20), 1920 (Mercier), 1974 (The Drake)

Berkadia®, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company provid-ing 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. Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The presence of molds may adversely affect the property and the health of some. If you have questions or concerns regarding this issue conduct further inspections by a qualified professional.

© 2018 Berkadia Real Estate Advisors Inc. Berkadia® is a trademark of Berkadia Proprietary Holding LLC

Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx

2525 East Camelback Road, Suite 1150Phoenix, AZ 85016RETURN SERVICE REQUESTED

PROPERTY INFORMATION

BUILDING

UNITS 71

BUILT 1920 (Holly20), 1920 (Mercier), 1974 (The Drake)

TOTAL RENTABLE SF 64,992 SF

AVERAGE UNIT SF 916 SF

FLOORPLANS 1, 2, and 3-Bedrooms

SITE ACREAGE 2.38 Acres

BUILDINGS 15 Two- and Three-Story Buildings

ROOF Pitched, Composite

CONSTRUCTION Wood Frame with Brick Stucco Exterior

PARKING 53 Reserved Surface Spaces for Rent; On-Street Parking

• Hardwood Floors• Washer/Dryer*• Gas Range• Patio/Balcony*• Air Conditioner• Ceiling Fan• Dishwasher• Disposal• Electronic Thermostat• Large Closets• Microwave*• Refrigerator• Window Coverings

UNIT AMENITIES COMMUNITY AMENITIES• Off Street Parking • Controlled Access• Historic Building• 24 Hour Maintenance• Courtyard• Public Transportation

INVESTMENT HIGHLIGHTS

• Prime Location in West Plaza - Just Off the Country Club Plaza• Over $3M in Exterior & Interior Renovations Recently Completed• Proven, Value-Add Program Generating Significant Monthly Rent Premiums• Competitors in the Submarket Have Achieved Monthly Rents That Exceed Those of the

Subject Property by More than $1,000• Close Proximity to Major Employers, Universities, Leading Area Hospitals, and

Nationally Recognized Research Foundations• Offered Free & Clear or Subject to Assumption of In-Place Freddie Mac Loan

THE DRAKE APARTMENTS4439 Roanoke Parkway, Kansas City, MO