- The Play: $148/unit per Month in Value-Add via Cosmetic Renovations
- Located Within Top Rated Park Hill School District
- Strategic Northland Location Near KC’s Top Employers & Demand Drivers
- $1,500,000 in CapEx Since 2021
- Recently Leased 1,500 SF Stand-Alone Commercial Building
- Premiere Northland Attractions Create Unique Tenant Experience
The Play: $148/unit per Month in Value-Add via Cosmetic Renovations
The current effective rent sits at $853/unit and represents effective in-place leases. Once the property is fully renovated, rents of $1,000 per unit can be achieved. This represents an opportunity to increase effective in-place rents by $148 per unit.
Demand for product similar to Gateway at Skyline is strong in the submarket—renovated comparable properties in the market (The Hills, Northland Passage, and Riverside Heights)—all boast 95%+ occupancy rates.
Located Within Top Rated Park Hill School District
Gateway at Skyline is situated in the “A” rated Park Hill School District (Niche) and is the top school district in Platte County and the 6th best in the Kansas City area! English Landing Elementary (7 minutes away) and Waldren Middle School (5 minutes away) boast impressive A and A- ratings, respectively, while Park Hill South (5 minutes away) stands out as the 16th best high school in the KC MSA and ranks within the top 20 statewide.
Strategic Northland Location Near KC’s Top Employers & Demand Drivers
Gateway at Skyline is virtually adjacent to I-29 and I-635, offering easy access to Highway 9 and Highway 169. The property is about 15 minutes from Kansas City’s brand new $1.5B international airport. Northeast of the Kansas City International Airport, the KCI 29 Logistics Park recently broke ground, and will span up to 20 million square feet of warehouse and commercial office space across 2,136 acres. Officials have said the logistics park could create 9,000 direct jobs, generating $450 million in annual payroll, and support $2.5 billion in private investment once fully built out.
