The Lookout Apartments

Merriam, KS

Sale Overview

Zeal Property Advisors, LLC is pleased to present the exclusive offering of The Lookout Apartments (“The Property”), a 34-unit apartment community located in Merriam, Kansas. The Property was built in 1965 and underwent substantial renovations to the interior and exterior in the late 2000’s. The asset is located next door to the ongoing $250mm Merriam Grand Station & Marketplace development featuring a Trader Joes grocer catty-corner to the Property. The Property is considered stabilized with little to no deferred maintenance in a location gentrifying in real time. The Property is additionally uniquely zoned for High Rise Residential and prospective investors are encouraged to review this opportunity contingent upon entitlements from the city or use as a future exit strategy.

The Property is offered as a fee simple sale free and clear of debt and offers prospective investors the opportunity to acquire a well-located asset primed for above par appreciation + rent growth. Tour dates will be announced by the Brokers at a future date.


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Confidentiality Agreement

I have read and agree to the Confidentiality Agreement

Agreement

Zeal Property Advisors, LLC (“Broker”) has been retained as the exclusive advisor and broker for Holiday For Him, LLC (“Seller”) regarding the sale of the fee simple interest in the property known as The Lookout Apartments (“The Property”), located in Merriam, Kansas.

The Offering Memorandum has been prepared by Broker for use by a number of parties and does not purport to provide a necessarily accurate summary of the fee simple interest, the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire.  All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation.  No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.  Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information.  Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the Offering Memorandum.  Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer.  Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

To receive additional confidential information (“Confidential Information”) pertaining to The Property, please read, sign and return this completed Confidentiality Agreement to Broker. By accepting the Confidential Information, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the fee simple interest and/or to terminate discussions with any entity at any time with or without notice.  The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller’s obligation thereunder have been satisfied or waived.

The Confidential Information and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature.  By accepting the Confidential Information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or Confidential Information or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or Confidential Information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the listing agent(s) and doing so would be a violation of this Confidentiality Agreement.

Contact Broker

Austin R. Paul

Principal

Keiten J. Nuspl

Director

Quick Summary

Address 6212 Slater Street, Merriam, KS
RSF 20,630 RSF
Price Market
Units 34
Year Built 1965 | 2010
Lot Size 0.94 AC