Newmark Zimmer Midwest Capital markets, as exclusive advisor, is pleased to present the opportunity to acquire 16151 Foster Street, Overland Park, Kansas. The Property is 100% leased to Nation-Wide Repair Services who has been in business since 1985 and occupied this building since it was constructed in 2003. The Property is leased on a NN basis, with 5.5 years of lease term remaining after NWRS recently signed a five year renewal. The building is highly functional with modern building features including 26’ clear height, 3 dock doors, 1 overheard door, 3-phase power and sits on 5.59 acres giving investors the opportunity to potentially expand the building by over 20,000 square feet.
Strategically located in Overland Park, the surrounding area has a $212,000 average household income in a 3-mile radius. Located less than one mile from Bluhawk, one of the largest and newest entertainment districts in the Kansas City metro. South Johnson County boasts an extremely tight industrial market with a 2.5% vacancy rate for buildings under 100,000 square feet and market asking rents averaging north of $10.50 per square foot.