601 N Lindenwood Dr - Warehouse FOR SALE


Olathe, KS 66062
$3,515,503 USD
913-461-5229
601 N Lindenwood Dr, Olathe, KS for Sale
$3,515,503 USD
Warehouse - FOR SALE
1/1
null | Request Cap Rate

601 N Lindenwood Dr
Olathe, KS 66062


HIGHLIGHTS

  • 100% leased to Rivian Automotive Inc (NASDAQ: RIVN) as a service and demonstration center
  • Infill Johnson County location with access via I-35/Santa Fe Road
  • 2019 construction with Class A office finish
  • Lease Term: 3.5± years remain
  • Sale Price: $3,515,503

OVERVIEW

On behalf of Ownership, Colliers is pleased to present to qualified investors the opportunity to acquire 601 N. Lindenwood Drive, Olathe, Kansas 100% leased to Rivian Automotive Inc (NASDAQ: RIVN) as a service and demonstration center Infill Johnson County location with access via I-35/Santa Fe Road 2019 construction with Class A office finish Lease Term: 3.5± years remain Continued Tenant Commitment: Tenant recently exercised first (of two) 3-year fixed-rate options to renew Lease Type: NNN Landlord Responsibilities: Structural repairs/replacement; HVAC replacement Low Vacancy Submarket: 3.3% for competitive set Substantial discount to replacement cost Current NOI: $246,085.20 Annual Rent Increases: 2.0% Sale Price: $3,515,503 Year 1 Cap Rate: 7.0%

FOR SALE DETAILS

PRICE

$3,515,503 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lindenwood Business Park Bldg B

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.67

LAND SF

72,745

ZONING

M2

APN/PARCEL ID

DP10130000-0002

ASK ABOUT THIS PROPERTY

John StaffordColliersMore Info
913-461-5229

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John StaffordColliersMore Info
913-461-5229

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