Summit Crossing Kansas City, MO

Investment Highlights

• Best-in-Class Asset in a Premier Suburban Location
• Strong Surrounding Demographic Profile
• Favorable Townhome/Apartment Unit Mix (83% 2- or 3-Bedroom) with Large Floor Plans (1,296 Sq Ft Avg)
• $1B in Economic Development within 2 Miles
• Located Within Top Rated Lee’s Summit School District
• High-Quality Construction Built in 2007 & 2017-2019
• Offered Free & Clear or with Favorable Assumable Debt with Low-Interest Loans

Best-in-Class Asset in a Premier Suburban Location

Exceptionally high-quality construction is evidenced throughout Summit Crossing. The community offers a robust, top-of-market, resort-like amenity package and luxurious finishes throughout the unit interiors. The extremely high-end finish levels throughout the property, coupled with the expansive (~1,300 sq ft average) floor plans, can only be found at Summit Crossing. Additionally, the community features an extremely accretive unit mix with a large portion of the units (~57%) being very spacious townhomes with attached garages. 

Strong Surrounding Demographic Profile

The demographic area around Summit Crossing reflects an affluent, highly educated population that continues to drive strong overall apartment fundamentals.

• Average household income: $106,679 (3 mile)

• Median home value: $378,488 (1 mile) 

• Associates Degree or higher: 55.1% (3 mile)

With these exceptional demographics, companies are attracted to the high quality of life and the highly educated labor force the area offers, which will continue to provide a steady stream of qualified residents to the asset.

Favorable Townhome/Apartment Unit Mix (83% 2- or 3-Bedroom) with Large Floor Plans (1,296 Sq Ft Avg)

Summit Crossing boasts an extremely attractive unit mix, with some of the largest floor plans in the entire submarket. The community is comprised of both townhome & apartment units, with sprawling floor plans that appeal to all residents. Roughly 57% of the community is comprised of massive townhome units, with the balance of the asset containing open concept apartment units. The unit mix also skews favorably as 83% of the property is either a 2- or 3-bedroom unit.

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