KANSAS CITY, MISSOURI (August 17, 2022) – Jeff Lamott, managing director, and Gabe Tovar, senior vice president of Northmarq’s Kansas City investment sales team, finalized the $10 million sale of Antioch Crossing. The 90-unit/3-story multifamily property (built in 1968) is located at 8710 West 106th Terrace in Overland Park, Kansas. Northmarq represented the seller, Worcester Investments, in the sale. Northmarq’s Kansas City debt/equity team of Greg Duvall and John Duvall negotiated acquisition financing for the buyer, Balfour Real Estate, through their relationship with an agency lender.
“Antioch Crossing is located at one of the most sought-after submarkets in the metro, Overland Park. Our buyer was intrigued by the long-term viability of the location and proven value-add opportunity to renovate 86 percent of the units that featured very dated interior finishes,” said Lamott.
Commuter residents at Antioch Crossing benefit from the convenient location just off the intersection of I-435 and US highway 69. Antioch Crossing lies only 10 miles south of downtown Kansas City in the city of Overland Park. Residents have accessibility to both the surrounding city and local entertainment. Antioch Crossing is situated adjacent to Indian Creek Trail, providing walking and biking opportunities for its nature lovers.