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CLK Properties proudly announces the acquisition of Cold Storage Lofts, a 226-unit industrial mid-rise located in downtown Kansas City, MO. The acquisition of Cold Storage Lofts reflects the firm’s appetite for growth, expanding its footprint to 800 units throughout the Kansas City metro, and 19,000+ units nationwide.
Remarking on the investment, Craig Koenigsberg, Founder and CEO of CLK Properties, expresses the company’s vision and plans for this asset: “A true value-add opportunity, CLK will upgrade all unit interiors with high-end finishes, and will modernize the assets best in class amenity set to complement the lifestyle our target renter profile seeks. This renovation project will allow us to reposition the property within the market and unlock the property’s full revenue potential and value.”
The red-brick industrial mid-rise offers unique loft-style floor plans and given its size, the asset features a best in class amenity set and fantastic views of Downtown Kansas City. Each unit has polished concrete floors, in-unit washer/dryer connections and exposed brick and concrete pillars, creating its industrial-style charm. Community amenities include a rooftop swimming pool, large atrium lobby, fitness center, bike storage, dog park, party room, courtyard, picnic area with grills, business center, large terrace and more. Additionally, the property offers 122 underground parking spaces, one of the only communities in the submarket with enclosed parking. The deal also includes 2,864 SF of fully occupied retail space.
Please let us know if you have any questions regarding this transaction or would like to discuss any investment strategies with us. We look forward to hearing from you.
Please contact Maxx Blumenfeld at [email protected].
The CLK Properties Team