Sentinel Real Estate Corporation has acquired Lexington Farms Apartments, a 404-unit garden-style community in the suburb of Overland Park, Kansas, 18 miles southwest of downtown Kansas City.
Originally constructed in 1997 but recently renovated, Lexington Farms features one-, two- and three-bedroom apartments averaging 972 square feet. During the past two years, an upgrade program was conducted on the property’s common areas, including repainting the building exteriors, remodeling the clubhouse to reflect a contemporary aesthetic and the addition of a business center, Wi-Fi lounge and coffee bar.
During the same period, two-thirds of the units were updated to include modern finishes, appliances and fixtures, including quartz countertops, stainless steel appliances, tile backsplashes, shaker-style cabinetry, kitchen islands, wood-style plank flooring in common and wet areas, carpeted bedrooms, ceramic tile baths, full-size side-by-side washers and dryers, soaking tubs, walk-in closets, private balconies or patios and Wi-Fi thermostats. Sentinel intends to realize additional value at the property by renovating the remaining units.
In addition to the renovated clubhouse, community amenities include a lounge area, a coffee bar and demonstration kitchen, two heated saltwater swimming pools, a poolside firepit, a BBQ pavilion, a ping-pong table, a hammock lounge, a snooker ball court, a bocce ball court, a tennis court, a 24-hour fitness center, a dry sauna, billiards and a dog park.
Lexington Farms is located within walking distance of retail and restaurant developments along the 135th Street corridor including Overland Pointe Marketplace, an 80,000-square-foot retail center with several national tenants. Moreover, Lexington Farms is served by top-ranked Blue Valley School District, which is less than 1.5 miles from the community. Major employers in the area include Cerner, T-Mobile, OptumRx and Overland Park Regional Medical Center, comprising nearly 30,000 jobs. Lexington Park Apartments also benefits from proximity to several of Kansas City’s major thoroughfares such as I-435, I-35 and US-69, which provide convenient access throughout the metropolitan area.