City View Lofts

Saint Joseph, MO

Please Sign the CA first

Sale Overview

Zeal Property Advisors, LLC is pleased to present the exclusive offering of City View Lofts (“The Property”), a 60-unit apartment community located in Saint Joseph, Missouri. The Property is situated within walking distance from downtown Saint Joseph. City View Lofts was built in 1915 and underwent significant renovations in 2010 by the current ownership. The Property is listed on the national register of historic buildings and is eligible for Historic Tax Credits.


City View Lofts is offered as a fee simple sale and offers prospective investors the opportunity to acquire a stabilized asset with value-add components such as adding washer/dryers to units. Significant rental increases have also been identified through the renovation of the existing units. Included in the sale is a separately parceled private parking lot that can be gated for exclusivity. City View Lofts is offered free and clear and is immediately eligible for
Freddie Mac’s Small Balance Loan program.


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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 Saint Joseph City View Lofts, LLC (“Seller”) regarding the sale of the fee simple interest in the property known as City View Lofts (“The Property”), located in Saint Joseph, Missouri.

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

Quick Summary

Address 201 S 10th Street, Saint Joseph, MO
Price $4,000,000
Units 60
Year Built 1915/2010
Lot Size 1.2 AC
Cap Rate 6.2%
Confidentiality Agreement