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MissouriCRE

Lee & Associates closes $1 million sale of Kansas City apartment building

Staff Writer April 4, 2017
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Lee & Associates Kansas City and Central Coast, Calif., negotiated the $1 million sale of the Armaine Apartment Building at 3517 Main St. in Kansas City, Mo.

Jon England of Lee & Associates Kansas City and Al Segal of Lee & Associates Central Coast represented the seller, Coastline RE Holdings Corp.

In 1912, the property was originally built as a hotel and was eventually converted to an apartment complex a generation later. The property was 90-percent leased at the time of its sale.

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