EXECUTIVE SUMMARY Midwest CRE Advisors presents the Red Bridge Professional Building, a compelling value-add medical office investment opportunity in South Kansas City. This 45,000+ SF suburban office building offers stable income with significant upside potential through operational improvements and lease renewals. Situated in a supply-constrained market with growing infrastructure investment, including the major renovation of the Red Bridge Shopping Center redevelopment directly across the street, this property represents an attractive acquisition for investors seeking durable income with near-term NOI growth potential. The building currently has a substantial opportunity to increase rents to market levels and fill existing vacancies. PROPERTY DETAILS Building Specifications Total Square Footage: 45,000+ SF Stories: 3 Construction: Steel frame with brick exterior Parking Ratio: 4.2 spaces per 1,000 SF Elevators: 2 passenger elevators HVAC: Central air with individual unit controls Site Features Lot Size: 2.30 acres Parking: 140 surface spaces Landscaping: Mature trees and professional landscaping Signage: Monument sign and building identification Access: Direct access from Red Bridge Road Primary Tenant Categories: Medical/Dental Practices (60% of occupied space) Professional Services (25% of occupied space) Other Services (15% of occupied space) MARKET OVERVIEW Kansas City Office Market (2024) Average Sale Price: $132.80/SF Cap Rates: 6.3% - 8.4% Vacancy Rate: 18.19% overall South KC Submarket: 21.22% vacancy, $21.69/SF avg rent Red Bridge Submarket Advantages No new office construction creating supply constraint Major retail investment $19M shopping center renovation Strong demographics with median household income of $72,000+ Excellent highway access via I-435 and major arterials Area Development Activity Red Bridge Shopping Center: Major renovation by Lane4 Property Group New residential development: Multiple single-family projects within 2 miles Infrastructure improvements: Road upgrades and utility enhancements Fiber optic deployment: Enhanced connectivity for tenants DEMOGRAPHICS (3-MILE RADIUS) Population: 50,227 Households: 21,754 Median Household Income: $80,032 Average Household Income: $94,500 Population Growth: +2.1% annually Employment: Strong healthcare, professional services, and government sectors INVESTMENT STRATEGY Value Creation Plan Immediate rent increases on below-market leases Lease-up vacant space at market rates Building improvements to justify higher rents Lease term extensions to improve stability Exit strategy via sale to income-focused buyer Complete MEP upgrades through energy audit findings LOCATION ADVANTAGES Accessibility I-435 access: 2 miles I-49 corridor: 3 miles Downtown Kansas City: 15 minutes Kansas City International Airport: 25 minutes Area Amenities Red Bridge Shopping Center: Directly across street Dining and retail: Walking distance Minor Park: Recreation and golf course nearby Public transportation: Bus routes on Red Bridge Road OFFERING TERMS Asking Price: $2,900,000 Price per SF: $64 Listing Type: Exclusive listing Possession: At closing Financing: Buyer to arrange Investment Highlights Immediate Value Creation Opportunities Below-market rents across multiple tenants with renewal potential 23% vacancy providing immediate lease-up upside Short-term lease rollover enabling rapid rent increases Established medical/professional tenant base Market Catalysts Major Red Bridge Shopping Center renovation directly across street Supply-constrained South KC submarket with limited new construction Growing infrastructure investment enhancing area accessibility Stable demographics supporting medical office demand Financial Upside Current NOI: $230,000 Stabilized NOI Potential: $350,000 - $400,000 Projected IRR: 25-30% over 4-5 years Ability to capitalize on utility savings Acquisition below replacement cost ($190-$220/SF new construction)