Investment Property Sale

Transcription

1 AAA Insurance & Travel is Long-Term Tenant 10,338 SF building on 1.68 acres Great access to Metcalf Ave. and minutes from both I-435 and College Blvd. office corridor For more information: Michael R. Block, CPM Lease recently extended with increasing rents Offered at $2,495,000 (Provides 6.21% cap rate, increasing to 6.32% on 1/1/2019) The information contained in this marketing flyer is presented as general information only. Block Real Estate Services, LLC. makes no representation as to its accuracy. This information is not intended as legal, financial or real estate advice and must not be relied upon as such. You should make your own inquiries, obtain independent inspections, and seek professional advice tailored to your specific circumstances before making any legal, financial or real estate decisions.

2 Building Specifications Parcel ID: NP KUPN: Building Size: 10,338 SF by lease and 10,753 per Johnson County Appraiser Year Built: 1972 (Interior remodled 2014) Land SF: Legal Description: Zoning: Outside Lighting: Signage: Net Charges: (2017 Est. Paid by tenant) 73,186 SF Metcalf View Lot 4 Block 1 CP-2 Parking lot poles front and rear and HID wall packs and yard mounted HID Two-way lighted signage with time/temperature on monument in parking lot plus fascia lighted signage on front of building Real Estate Taxes: $4.30 Insurance: $0.17 CAM: $2.78 Total PSF: $7.25 Parking: 108 Land Dimensions: Cross Easements: Tenant Information: 255 on Metcalf Lane by 330 on West 106th Street by 255 on Floyd Street (bordered by 3 streets with direct access to Metcalf Lane and 106th Street) With neighboring property to the south (Hooters) including driveway cross access and Hooters has direct access to Floyd Please sign the attached Confidentiality Agreement (see last page) and return to Michael Block, to obtain more information on the Lease. FILE NAME.indd (MonthXX/YearXX)

3 For more information: Michael R. Block, CPM

4 10600 Metcalf Avenue

5 Demographics Metcalf Lane 1.00 mi radius 3.00 mi radius 5.00 mi radius HOUSEHOLDS POPULATION 2009 Estimated Population 8,223 87, , Projected Population 8,812 89, , Census Population 7,934 85, , Census Population 7,744 78, ,313 Historical Annual Growth 1990 to % 0.6% 1.4% Projected Annual Growth 2009 to % 0.6% 0.8% 2009 Median Age Estimated Households 3,470 34,879 97, Projected Households 3,415 33,079 93, Census Households 3,506 35,755 94, Census Households 3,288 30,744 78,750 Historical Annual Growth 1990 to % 0.7% 1.2% Projected Annual Growth 2009 to % -1.0% -0.8% POPULATION BY RACE 2009 Estimated White 80.6% 85.9% 85.7% 2009 Estimated Black or African American 4.7% 4.7% 5.4% 2009 Estimated Asian & Pacific Islander 7.1% 4.2% 3.6% 2009 Estimated American Indian & Native Alaskan 0.5% 0.5% 0.6% 2009 Estimated Other Races 7.1% 4.6% 4.7% 2009 Estimated Hispanic 12.0% 5.5% 5.8% BUSINESS EDUCATION (AGE 25+) INCOME 2009 Estimated Average Household Income $ 81,443 $ 95,507 $ 92, Estimated Median Household Income $ 72,953 $ 85,364 $ 85, Estimated Per Capita Income $ 34,795 $ 38,896 $ 37, Elementary 1.0% 0.8% 1.0% 2009 Some High School 3.0% 1.6% 2.0% 2009 High School Graduate 13.7% 14.2% 14.8% 2009 Some College 20.2% 20.6% 20.3% 2009 Associates Degree Only 5.5% 6.4% 6.8% 2009 Bachelors Degree Only 35.0% 36.3% 36.0% 2009 Graduate Degree 21.6% 20.1% 19.1% Number of Businesses 1,181 6,525 13,928 Total Number of Employees 20,224 93, ,840 Employee Population per Business Residential Population per Business

6 CONFIDENTIALITY AGREEMENT THIS IS A CONFIDENTIALITY AGREEMENT ( CA ) intended solely for your ( Purchaser ) own limited use in considering whether or not to pursue negotiations to acquire the property located at Metcalf Avenue, Overland Park, Lenexa, Kansas. ( Property ) The confidential information contains brief, selected information pertaining to the business and affairs of the Property, and has been provided through Block Real Estate Services, LLC ( BRES ), from information supplied by the Owner. Although parts of the confidential information have been reviewed by representatives of the Owner, it does not purport to be all-inclusive or to contain all the information which a prospective investor may desire. Neither the Owner nor Block Real Estate Services, LLC, or any of their partners, officers, directors, employees, or agents make any representation or warranty, expressed or implied as to the accuracy or completeness of the confidential information or any of its contents, and no legal liability is assumed or is to be implied by any of the aforementioned with respect thereto. There is no representation as to environmental conditions of the Property. By Purchaser s receipt of the confidential information, Purchaser agrees that the information contained therein is of a confidential nature, and that Purchaser will hold and treat it in the strictest confidence, and that Purchaser will not, directly or indirectly, disclose or permit anyone else to disclose this information or any part of the contents in any fashion or manner detrimental to the interest of the Owner or BRES. Further, Purchaser will not discuss this matter with any financial institution or possible investor or any party that is not a party to this CA, and will not have direct or indirect (via any other real estate agent) discussions with the Owner, without first receiving written consent from both BRES and Owner. As a prospective purchaser of the property, Purchaser understands and agrees that the neither the Owner nor BRES will share in any fee, commission, or other compensation, with the prospective purchaser and/or any other real estate agent working with the prospective purchaser, without first acknowledging same with said agent, in writing. The confidential information shall not be deemed an indication of the state of affairs of the Property, nor constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this memorandum. In the event that Purchaser does not proceed with the transaction, which is the subject of this CA, within a reasonable time, Purchaser agrees that it shall, if requested by the Owner/BRES, promptly return to the Owner/BRES, all written materials and confidential information relative to the Property, whether prepared by the Owner, BRES, their advisors, or otherwise, and will not retain any copies, extracts or other reproductions in whole or in part of such written material. Purchaser agrees that unless and until a definitive agreement between the Owner and Purchaser, with respect to any transaction on the Property, referred to in the first paragraph of this CA, has been executed and delivered, neither the Owner/BRES, nor Purchaser will be under any legal obligation of any kind whatsoever with respect to such a transaction by virtue of this or any written or oral expression with respect to such a transaction by any of their directors, officers, employees, agents, advisors, or any other representatives therefore except in the case of this CA, for the Property and matters specifically agreed to herein. The agreements set forth herein may be modified or waived only by a separate written agreement, by and between the Owner and Purchaser, expressly modifying or waiving such agreements within the CA. Confirmed and Agreed to: NAME: (Printed) TITLE: Please Return to: Print, sign, scan and send via to: mblock@blockllc.com COMPANY: or fax to , Attn: Michael Block ADDRESS: CITY, STATE, ZIP: SIGNATURE: DATE: