6409-6501 N Cosby Ave - Storefront FOR SALE


Kansas City, MO 64151
$15,000,000 USD
913-362-1000
6409-6501 N Cosby Ave, Kansas City, MO for Sale
$15,000,000 USD
Storefront - FOR SALE
1/6
null | 6% Cap Rate

6409-6501 N Cosby Ave
Kansas City, MO 64151


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Picture Hills Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

13.14 AC

LAND SF

572,378 SF

ZONING

-

APN/PARCEL ID

19-40-19-400-008-032-000

ASK ABOUT THIS PROPERTY

Brandon LaSalaNAI HeartlandMore Info
913-362-1000

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Brandon LaSalaNAI HeartlandMore Info
913-362-1000

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