Property Listing No Longer Available for Sale

740 NW Blue Parkway, Lees Summit, MO

Office for Sale - $2,525,000 - 44,025 Sq. Ft. on 3.48 acres


Property Info

CIMLS#830295
Location
  740 NW Blue Parkway
  Lees Summit MO 64086
UpdatedJune 15th, 2016
TypeOffice
Price$2,525,000
Building44,025 Sq. Ft.
Land3.48 acres

Property Description

Excellent value-add opportunity on one of the best located office buildings in metro Kansas City. Lee's Summit is experiencing explosive growth and this property sits at the front door to over 1,200,000 sf of premier retail space and restaurants. The building currently has a 49% occupancy rate as Bank of the West has considerably scaled back operations in the building. Bank of the West will lease back 4,000 sf for a 10 year term at closing.

Several of the occupied spaces have a high level of finish with quality tenants giving a new owner an excellent base to start with. Once Bank of the West scales back to 4,000 sf the occupancy in the building will be 38%. Year end operating expenses for 2014 were $275,000.

Location Description:

Located on the southeast corner of Interstate 470 and 350 Highway this is one of the most visible intersections in the city with over 65,000 cars per day on 350 Highway. The property is adjacent to Summit Fair and across from Summit Woods which are the two premier retail Lifestyle Centers in Lees Summit with over 1,200,000 square feet of retail shops and restaurants.

Highlights:

>> Premier Office Building for only $57 psf

>> 44,025 sf building situated on a 3.48 acre lot

>> Beautiful 3 story glass & marble atrium with elevator

>> Phenomenal Lees Summit location at I-470 & 350 Hwy

>> Excellent highway access

* Email for additional photos

** This property also has spaces available for lease.


Financials

Sales Info:

>> Commision split: 5.0%