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3802-3828 Booth St
PREPARED BY
Mike Napovanice
Principal
Rent Comparables
Johnson Med Center
72 Unit Apartment Building
Kansas City, Kansas - Rosedale Neighborhood
Rent Comparables Summary3802-3828 Booth St - Johnson Med Center
8 $913 $1.16 3.0%No. Rent Comps Avg. Rent Per Unit Avg. Rent Per SF Avg. Vacancy Rate
RENT COMP LOCATIONS
RENT COMPS SUMMARY STATISTICS
Unit Breakdown Low Average Median High
Total Units
Studio Units
One Bedroom Units
Two Bedroom Units
Three Bedroom Units
37
0
0
12
0
58
5
24
29
0
54
1
26
21
0
96
15
52
67
0
Property Attributes Low Average Median High
1965Year Built
Number of Floors
Average Unit Size
Vacancy Rate
Star Rating
3
604 SF
0.0%
1976
3
787 SF
3.0%
1970
3
762 SF
4.5%
2013
4
1,195 SF
7.1%
2.3
3/11/2020Copyrighted report licensed to Orion Property Group - 344328.
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Rent Comparables Summary3802-3828 Booth St - Johnson Med Center
Property Name/Address Rating Yr Built Units Avg Unit SF Studio 1 Bed 2 Bed 3 Bed Rent/SF
Property Size Asking Rent Per Month Per Unit
-West 39th Street
72 746 - $1,296 $1,727 - $1.903895 State Line Rd
1 2013
-Johnson Med Center
72 606 - $869 $1,054 - $1.533802-3828 Booth St
1978
-Springfield Park Apartments
57 603 $665 $820 $960 - $1.383815 Springfield St
2 1971
-Phog at Bar Med Center
37 793 $821 - $1,106 - $1.253900-3902 Booth St
3 1967
-University Plaza
61 681 - $725 $825 - $1.144140-4148 Booth Pl
4 1965
-Malvern Hill
50 678 $647 $771 $753 - $1.083909-3921 Booth St
5 1980
-Mission Manor Apartments
96 777 - $669 $869 - $1.044121-4127 Thompson St
6 1969
-The Flats at University Vill…
41 935 $725 $850 $1,001 - $0.974117 Adams St
7 1965
-Cambridge West
49 1,195 - $731 $771 - $0.643600 Rainbow Blvd
8 1983
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Page 3
Vacancy 5.3%
3815 Springfield St57 Units / 3 Stories
Owner: David Kim
Rent/SF $1.38,
Springfield Park Apartments2
Vacancy 1.4%
3802-3828 Booth St72 Units / 3 Stories
Owner: Els Thermote
Rent/SF $1.53,
Subject Property
Johnson Med Center
Vacancy 5.6%
3895 State Line Rd72 Units / 4 Stories
Owner: Price Brothers
Rent/SF $1.90,
West 39th Street1
Vacancy 4.0%
3909-3921 Booth St50 Units / 3 Stories
Owner: Price Brothers
Rent/SF $1.08,
Malvern Hill5
Vacancy 0%
4140-4148 Booth Pl61 Units / 3 Stories
Owner: Rose, Michael
Rent/SF $1.14,
University Plaza4
Vacancy 5.4%
3900-3902 Booth St37 Units / 3 Stories
Owner: Meiners Cass County Llc
Rent/SF $1.25,
Phog at Bar Med Center3
Vacancy 0%
3600 Rainbow Blvd49 Units / 3 Stories
Owner: The Tiehen Group Inc.
Rent/SF $0.64,
Cambridge West8
Vacancy 7.3%
4117 Adams St41 Units / 3 Stories
Owner: DEVIN SCHUSTER
Rent/SF $0.97,
The Flats at University Village7
Vacancy 0%
4121-4127 Thompson St96 Units / 3 Stories
Owner: Mission Manor Llc
Rent/SF $1.04,
Mission Manor Apartments6
Rent Comparables Photo Comparison3802-3828 Booth St
3/11/2020Copyrighted report licensed to Orion Property Group - 344328.
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Rent Comparables by Bedroom3802-3828 Booth St - Johnson Med Center
$718 $910 $949 -Studio Comps One Bed Comps Two Bed Comps Three Bed Comps
Subject
-
Subject
$869
Subject
$1,054
Subject
-
1 Bedroom 2 Bedroom 3 BedroomCurrent Conditions in Rent Comps Studio
Total Number of Units 41 188 234 0
Vacancy Rate 5.1% 3.6% 2.1% -
Asking Rent Per Unit $718 $910 $949 -
Asking Rent Per SF $1.30 $1.38 $1.02 -
Effective Rents Per Unit $713 $905 $945 -
Effective Rents Per SF $1.29 $1.37 $1.02 -
Concessions 0.6% 0.6% 0.4% -
Changes Past Year in Rent Comps Studio 1 Bedroom 2 Bedroom 3 Bedroom
Year-Over-Year Effective Rent Growth 2.6% 3.5% 4.4% -
Year-Over-Year Vacancy Rate Change
12 Month Net Absorption in Units
-1.7%
2
-19.0%
33 17
-7.5% -
-
EXISTING UNITS VACANT UNITS
ASKING RENT PER UNIT PER MONTH 12 MONTH NET ABSORPTION IN UNITS
3/11/2020Copyrighted report licensed to Orion Property Group - 344328.
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One Bedroom Rent Comparables3802-3828 Booth St - Johnson Med Center
Property Name/Address Rating One Bedroom Rent Per Unit YearQuarterRent/SF
Change in Rent
3895 State Line Rd
West 39th Street3.9%4.1%$1.99
$1,296
$1,218 $1,538
3802-3828 Booth St
Johnson Med Center3.2%0.7%$1.70
$869
$652 $930
4117 Adams St
The Flats at University Village0.9%0.2%$0.97
$850
$850
3815 Springfield St
Springfield Park Apartments0.0%0.0%$1.40
$820
3909-3921 Booth St
Malvern Hill0.4%0.2%$1.13
$771
$682 $868
3600 Rainbow Blvd
Cambridge West1.0%0.3%$0.76
$731
4140-4148 Booth Pl
University Plaza3.6%0.4%$1.18
$725
$725
4121-4127 Thompson St
Mission Manor Apartments1.3%0.1%$1.14
$669
$666 $670
$0 $625 $1,250 $1,875 $2,500
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Two Bedroom Rent Comparables3802-3828 Booth St - Johnson Med Center
Property Name/Address Rating Two Bedroom Rent Per Unit YearQuarterRent/SF
Change in Rent
3895 State Line Rd
West 39th Street3.1%2.4%$1.75
$1,727
$1,668 $1,762
3900-3902 Booth St
Phog at Bar Med Center0.9%0.2%$1.38
$1,106
$1,082 $1,129
3802-3828 Booth St
Johnson Med Center3.6%0.7%$1.32
$1,054
$1,054
4117 Adams St
The Flats at University Village0.9%0.2%$0.96
$1,001
$1,000
3815 Springfield St
Springfield Park Apartments0.0%0.0%$1.26
$960
4121-4127 Thompson St
Mission Manor Apartments4.4%0.2%$1.01
$869
$869
4140-4148 Booth Pl
University Plaza3.2%0.4%$1.10
$825
$825
3600 Rainbow Blvd
Cambridge West0.9%0.2%$0.64
$771
$770
3909-3921 Booth St
Malvern Hill3.4%0.2%$0.79
$753
$0 $625 $1,250 $1,875 $2,500
3/11/2020Copyrighted report licensed to Orion Property Group - 344328.
Page 7
3802-3828 Booth St
PREPARED BY
Mike Napovanice
Principal
Construction Survey
Johnson Med Center
72 Unit Apartment Building
Kansas City, Kansas - Rosedale Neighborhood
Under Construction Properties3802-3828 Booth St - Johnson Med Center
13 2,472 9.1% 190Properties Units Percent Of Inventory Avg. No. Units
UNDER CONSTRUCTION PROPERTIES
UNDER CONSTRUCTION SUMMARY STATISTICS
Low Average Median High
Property Size in Units 40 190 224 340
Number of Stories 3 7 6 14
Average Unit Size 454 SF 662 SF 700 SF 810 SF
Star Rating 4.0
Estimated Delivery Date Apr 2020 May 2020 Apr 2020 Nov 2020
Months to Delivery 1 2 1 8
Construction Period in Months 7 17 17 24
3/11/2020Copyrighted report licensed to Orion Property Group - 344328.
Page 9
Under Construction Properties3802-3828 Booth St - Johnson Med Center
COMPLETIONS WITHIN NEXT 3 MONTHS
Property Name/Address Rating Units Stories Start Complete Developer/Owner
Sep-20181989 Main St
City Club Apartments283 7 Apr-2020
City Club Apartments, LLC
City Club Apartments, LLC1
Sep-20184111 Broadway
Westport Apartments256 6 Apr-2020
Opus Development Co LLC
CTK Real Estate2
Jan-20191600 Genessee St
Stockyards District Apar…224 4 Apr-2020
Flaherty & Collins Construction
Flaherty & Collins Construction3
Jun-2018551 Washington Ave
44 Washington188 5 Apr-2020
Block Real Estate Services LLC
Block Real Estate Services LLC4
Jan-20191808 Walnut St
REVERB132 14 Apr-2020
Copaken Brooks
18th & Walnut Partners ( CF 18…5
Oct-20183835 Main St
Netherland118 11 Apr-2020
Exact Partners LLC
Exact Partners LLC6
Nov-2018760 W 46th St
The Dorset Apartments40 - Apr-2020
-
Colliers International7
Mar-20192448 Troost Ave
248 - Jun-2020GSSW Lemmon/Oaklawn, LLC
Curators Of The University Of8
Apr-20193420 Broadway
Midtown Plaza106 8 Jun-2020
Kartel Capital LLC
Kartel Capital LLC9
COMPLETIONS 3-6 MONTHS AWAY
Property Name/Address Rating Units Stories Start Complete Developer/Owner
Dec-2019211 W Armour Blvd
61 3 Jul-2020MAC Property Management
Antheus Capital10
Aug-20182501 Beacon Hill
2501 Beacon Hill Apartm…248 6 Aug-2020
-
Americo Financial Life and Annuit…11
Oct-2018330 W 19 Ter
228 - Aug-2020The Opus Group
Joel Voran12
COMPLETIONS MORE THAN 6 MONTHS AWAY
Property Name/Address Rating Units Stories Start Complete Developer/Owner
Jun-20191900 Oak St
Artistry KC340 - Nov-2020
Milhaus
Milhaus13
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