1802-1814 W 2nd St N - Warehouse FOR SALE


Wichita, KS 67203- Delano
$9,814,000 USD
913-680-7359
1802-1814 W 2nd St N, Wichita, KS for Sale
$9,814,000 USD
Warehouse - FOR SALE
1/12
null | 8% Cap Rate

1802-1814 W 2nd St N
Wichita, KS 67203
Delano


HIGHLIGHTS

  • Single Tenant Investment Opportunity | Absolute Triple-Net with Long-Term Tenancy and Recent Lease Extension
  • Tier 2 Aerospace Tenant: Long-Term Embedded Supplier to Boeing, Airbus, Spirit, Lockheed
  • 2020 NALCAM Expansion Consolidated Texas Ops at this Site, Creating Low-Cost U.S. Network—High Sunk Costs in Layout Reinforce Tenant Stickiness
  • Large Industrial Footprint: 207,294 Square Foot on 10.17 Acres with Heavy Power, Manufacturing Infrastructure, Efficient Loading
  • Multi-Decade Program Exposure Tenant Supports 737 MAX, 787, A220, F-35, F-16, KC-46, and Other Long-Cycle Platforms with Deep Backlogs
  • Located in Wichita's 'Air Capital' with 30,000+ Aerospace Workers, Third-Largest U.S. Hub for Engineering Talent

OVERVIEW

Marcus & Millichap is pleased to present a 212,345-square-foot, single-tenant industrial property leased to Apex Engineering International, L.L.C. (“AEI”), a division of HM Dunn AeroSystems, a long-standing Wichita aerospace manufacturer. AEI builds high-precision aircraft parts and assemblies that go directly into well-known commercial and military aircraft made by companies such as Boeing, Airbus, Spirit AeroSystems, Lockheed Martin, and Gulfstream. Their work supports major aircraft like the 737 MAX, 787 Dreamliner, Airbus A220, and military programs including the F-35, F-16, KC-46, C-130, and F-15/F-18—all multi-decade aircraft platforms with ongoing production ramps and backlog. CEO Greg King's prior roles at Spirit AeroSystems strengthen ties to this key client. 2020 NALCAM expansion consolidated Texas operations here, creating a low-cost U.S. network—high sunk costs in layout reinforce tenant stickiness. Located in Wichita's 'Air Capital' with 30,000+ aerospace workers, top engineering talent (third-largest U.S. hub), and manufacturing at 16% of nonfarm payrolls, AEI has been operating here for more than 50 years, with equipment, production flow, and quality approvals highly customized to this building. The 2014 merger with Apex enhanced vertical integration as a "Super Tier 2" supplier and led to headquarters consolidation at this site. This makes the location difficult and expensive to replicate elsewhere, increasing long-term tenancy likelihood. The property sits on 10.34 acres, offering a functional industrial layout with manufacturing improvements needed for aerospace production. AEI benefits from being located in Wichita’s nationally recognized aviation hub, and the property provides investors with a stable, long-term tenant deeply involved in both commercial and defense aircraft programs.

FOR SALE DETAILS

PRICE

$9,814,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AEI / HM Dunn AeroSystems | Recent Lease Exte

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

6

DRIVE INS

1

PARKING SPACES

12

LAND DETAILS

LAND ACRES

10.34

LAND SF

450,410

ZONING

LI

APN/PARCEL ID

124-19-0-13-08-001.00

ASK ABOUT THIS PROPERTY

Daniel GreenamyreMarcus & MillichapMore Info
913-680-7359

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Daniel GreenamyreMarcus & MillichapMore Info
913-680-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.