Property Listing No Longer Available for Sale

5001 College Blvd., Leawood, KS

Office for Sale - 23,602 Sq. Ft. on 1.74 acres


Property Info

CIMLS#1062550
Location
  5001 College Blvd.
  Leawood KS 66211
UpdatedDecember 13th, 2019
TypeOffice
PriceUndisclosed
Building23,602 Sq. Ft.
Land1.74 acres

Property Description

This attractive office property formerly Forsa Technologies features a 23,602 SF +/- freestanding, two-story, multi-tenant office building on a 1.74 +-/ acre site with 100 +/- surface parking spaces and is located in one of the country’s best real estate investment markets, Johnson County, Kansas.

The property is situated in an exceptional location on a major commercial corridor with excellent visibility, close proximity to top-rated retail, restaurants, entertainment, schools, etc. and offers easy access to I-435, I-35, and US-69 highways. Significant upside can be achieved through upgrades, vacancy absorption, and stabilization. Don’t miss this unique opportunity to Bid Your Price! This outstanding investment is only available through the auction date. Online bidding opens at $500,000 and ends Monday, December 30, 2019 at 12:30 p.m.

INVESTMENT HIGHLIGHTS

• 23,602 SF +/- Freestanding Two-Story Office Building in Prime Leawood, KS Location

• Situated on 1.74 +/- Acre Site with 100 +/- Surface Parking Spaces

• Exceptional Location on Major Commercial Corridor with Excellent Visibility & Highway Access

• Close Proximity to Top-Rated Retail, Restaurants, Entertainment, Schools

• Significant Value Enhancement through Upgrades, Vacancy Absorption & Stabilization.

• Located in One of the Best Real Estate Investment Markets in the Country, Johnson County, KS

• Attractive Owner/User or Investment Opportunity. 1031 Exchanges Welcome!

• Opening Bid $500,000! Auction Ends: December 30, 2019 at 12:30 pm

OCCUPANCY

Tenant 1 is leasing 1771 sq. ft. @ $19.75/sq. ft. on a 3-month auto-renewable lease through 12/31/19. The lease has a 30-day out and has been in place since 2012.

Tenant 2 is leasing 1021 sq. ft. @ $4.70/sq. ft. on a 5-year lease through 10/31/22. This lease was in effect when our seller purchased the building and our seller is currently working to find a satisfactory resolution to modification of the terms.

Lease documents available upon request.



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