Call for Offers March 19th, 2025
Newmark Zimmer Midwest Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the Lee’s Summit Industrial Portfolio. The portfolio consists of two highly functional, 100% leased properties totaling 49,400 SF at 2610 NE Hagan Road and 951 NW Technology Drive, Lee’s Summit, Missouri (“The Portfolio”). The Portfolio can be acquired together or individually and features below market rents with a combined average annual rental increases of 3.8%.
951 NW Technology Drive is 29,400 square feet and leased on a NNN basis to Savage Enterprises through 2029 with 5% annual increases. The property includes an additional 1.75-acre site for potential future tenant expansion or development. 2610 NE Hagan Road is 20,000 square feet and leased to SCP Distributors, who have occupied the building since 2002 and are part of the world’s largest pool supply distribution network. The property includes a rare partially fenced outdoor storage area making it highly sought after.
Both properties are located in Lee’s Summit, one of the most desirable and fastest growing communities in the Kansas City metro. The area has great access to the entire Kansas City metro via Interstate 470, 350 Highway and 291 Highway and proximity to Lake Jacomo and Lee’s Summit Regional Airport. The Properties are less than one mile from Discovery Park, a ~$1B mixed-use development and Lee’s Summit’s largest hospital, Saint Luke’s East. Lee’s Summit has extremely limited supply for quality industrial and flex space with a submarket vacancy rate of just 4.3%.