A desirable value add opportunity with stabilized income and timely opportunities for rent growth within a premier submarket in Kansas City.
The property is located in the best demographic area in the Northland with over 130,000 people within a 5-mile radius and average household incomes over $100,000.
Visible to nearly 59,000 vehicles per day on 64th Street.
Stabilized at 85% occupancy with a tenant mix of internet resistant industries.
A unique value add opportunity with vacancy and renewal opportunities to materially increase rates within a lower vacancy submarket.
The property is shadow anchored by high-performing Hy-Vee and Aldi grocery stores.
The surrounding area is experiencing growth and development in a mix of large-scale logistics centers, new housing communities, and retail hubs.