Lucas Place Lofts

Jon England and his team represented the Seller of the Lucas Place Lofts. His team attended to the Buyer has they coordinated a complicated HUD loan assumption during COVID pandemic where all employees were working remotely. The transaction closed and all parties were able to achieve their goals. Property: Lucas Place Lofts is a 164,792-square-foot multifamily property located in the heart of Downtown Kansas City, Missouri. Originally built in 1910 and extensively renovated in 2014, the property offers 134 units with an average size of 900 square feet, featuring a mix of one and two--bedroom layouts. With a current occupancy of 95%, the asset provides stable in-place income backed by a high-quality tenant base and well-maintained infrastructure. The property spans 0.90 acres and benefits from its central location, offering proximity to key employment hubs, retail, and entertainment options in the vibrant Downtown submarket.