816-679-4954
16151 Foster St, Overland Park, KS for Sale
Warehouse - FOR SALE
1/5
null | Request Cap Rate

16151 Foster St
Overland Park, KS 66085


HIGHLIGHTS

  • 100% leased to NWRS on a NN basis
  • 5.5 years lease term remaining
  • $212,000 average household income in a 3-mile radius
  • Tenant has occupied the building since its construction in 2003
  • Submarket vacancy of 2.5% for buildings under 100,000 SF
  • Site can accommodate 21,000 SF addition

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nationwide Repair Service

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

UTILITIES

-

CLEAR CEILING HT

26 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

66

LAND DETAILS

LAND ACRES

5.59

LAND SF

243,500

ZONING

BP

APN/PARCEL ID

NP04290000-0001

ASK ABOUT THIS PROPERTY

816-679-4954

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816-679-4954

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