The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Donovan, a 327-unit, 2020-built apartment community located in the most sought-after submarket in the state of Missouri, Lee’s Summit. Constructed in 2020, the quality and location of The Donovan makes it one of the premier assets in all of Kansas City. The community is surrounded by a growing set of economic employment drivers, retail, and entertainment venues.
The Donovan offers a sophisticated amenity package and condo quality interiors providing a luxurious lifestyle for its residents. Lee’s Summit is the fastest growing MSA in the state of Missouri, generating significant demand for high-quality product, evident by the rent growth experienced at the Property over the previous 12-months. The Donovan represents a generational investment opportunity to acquire a best-in-class multifamily asset in the high growth Lee’s Summit market.
The Donovan is currently under a PILOT tax abatement, with a fixed annual property tax schedule through 12/31/2029.
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