georgetown professional plaza investment for sale...comfort chiropractic and many others long term...

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.

BLOCK & COMPANY, INC., Realtors605 West 47th Street, Suite 200

Kansas City, Missouri 64112

Georgetown Professional PlazaINVESTMENT FOR SALE

I-35 at 75th Street (SEC) | Overland Park, Kansas9335-9393 W. 75th Street | Greater Kansas City Metro Area

Sales Price: $3,000,000CAP Rate: 5.75%NOI: $269,274.94Building Size: 25,299 sq ftLand Size: 2.57 acres

Investment Summary

David M. Block816.412.7400

[email protected]

Greg Roberts816.412.7384

[email protected]

For information contact:

EXCLUSIVE AGENTS

Across the street from Shawnee Mission Medical Center

Five building o� ce complex on 2.57 acres

Zoning in place for sixth building of 3,000 sq ft to 5,000 sq ft

Ample parking, signage for every tenant

Excellent condition

Small o� ce suites of 944 sq ft to 2,480 sq ft available for lease

Larry Larsen816.412.7339

[email protected]

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.

BLOCK & COMPANY, INC., Realtors605 West 47th Street, Suite 200 | Kansas City, Missouri 64112

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and the same is subject to errors, omissions, changes of prices, rental or other conditions, prior sale or lease or withdrawal without notice.

For information contact: David M. [email protected]

Greg [email protected]

I-35 at 75th Street (SEC) | Overland Park, KS9335-9393 W. 75th Street | Greater Kansas City Metro Area


EXCLUSIVE AGENTS

Larry [email protected]

ProformaProforma

7/19/16

Operational Categories Total SF: 25,299

INCOME Total Gross Income $269,274.94 Tenant Square Feet

B.R.A.S. 1,940$/SF Rockwell Security 1,180

EXPENSES Tax $23,212.93 $0.92 Wallace Chiropractic 2,075Insurance $3,872.00 $0.15 Adams Accounting 1,052Maintenance & Utilities $69,823.38 $2.76 Michele Leininger 1,000 Total Operating Expense $96,908.31 $3.83 Kevin Kieffer 1,026

Joseph Kobilarcsik 870Quest Diagnostics 2,262

Total Gross Income 269,274.94 Blue Valley Womens Care 2,545Total Operating Expense 96,908.31 American Consultants 2,515NET OPERATING INCOME 172,366.63 TOTAL OCCUPIED SF 16,465

RENTROLL








EXCLUSIVE AGENTS


Block & Company, Inc., Realtors has been retained as the exclusive agent to sell and lease Georgetown Professional Plaza located on the southeast quadrant of I-35 E. Frontage Road & 75th Street in Overland Park, Kansas.

Property: Georgetown Professional Plaza consists of � ve, freestanding o� ce buildings totaling 25,299 square feet on 2.57 acres. A lot is available for the development of an additional building of approximately 5,320 square feet. Four of the existing o� ce buildings are one story and one is a two-story o� ce building

Location: The property is located at the southeast corner of I-35 E. Frontage Road and 75th Street, which is a major commercial artery which runs east and west in Overland Park, Kansas. The complex is located directly across from the Shawnee Mission Medical Center, Kansas City’s largest hospital and medical facility. Shawnee Mission Medical Center recently completed a $3 million addition.

Year Built: 1985

Construction: Poured, reinforced concrete footings, slabs on grade construction. Two by six structural framing. The exterior walls feature either one-hour rated stucco or brick veneer. The windows are double paned sliders in plastic encasements. The roof is a pitched gable with asphalt shingles. The � oor is poured concrete.

HVAC: Each 1,000 square feet of the property is serviced by a gas-� red furnace and an air conditioning unit located behind small security fences on the periphery of the buildings.

Zoning: CPO-A, Planned O� ce

Access: Exceptional highway access. The property is located just east of I-35 and includes two ingress/egress points located on the west site via Frontage Road.

Parking: 132 spaces (5 spaces per 1,000 square feet)

Long term tenants include: (Partial List)Rockwell Security

American Family InsuranceQuest Diagnostics

Blue Valley Women’s CareComfort Chiropractic

and many others long term tenants








EXCLUSIVE AGENTS


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EXCLUSIVE AGENTS


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EXCLUSIVE AGENTS


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EXCLUSIVE AGENTS


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EXCLUSIVE AGENTS









EXCLUSIVE AGENTS


KCI Airport

Chiefs & RoyalsStadiums

Worlds of Fun

KansasSpeedway

Union StationLegoland

& Aquarium

CORBIN PARK

OAK PARK MALL METCALF SOUTH

RAYMORE GALLERIA

SUMMIT WOODSSUMMIT FAIR

INDEPENDENCE CENTER

THE FALLS/BASS PRO

CROWN CENTER

POWER & LIGHT DISTRICT

THE LEGENDS

PLAZA AT THE SPEEDWAY

ZONA ROSAMETRO NORTH

SHOPPES AT SHOAL CREEKPLAZA AT SHOAL CREEK

S I T E

Downtown Kansas City, MO

Schlitterbahn

Downtown Airport

Lee’s Summit Airport

New Century Airport

Johnson CountyAirport

Kansas River

Kansas City, KS

Missouri River

PRAIRIE FIRE

STATE

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LINE

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COUNTRY CLUB PLAZA

WARD PARKWAY CENTER

TOWN CENTER PLAZA

Grandview

Lee’s Summit

Olathe

Gardner

Overland Park

Lenexa

Merriam

Leawood

Belton

RaymorePleasant Hill

Lake Lotawana

Blue Springs

Independence

Sugar Creek

Raytown

Roeland ParkMission Fairway

Mission Hills

Bonner Springs Edwardsville

Shawnee

North Kansas City, MO

Gladstone

Riverside

Parkville

Platte City

Lansing

Leavenworth

Liberty

Pleasant Valley

Exselsior Springs

Claycomo

MERRIAM TOWN CENTER

IKEAADAMS DAIRY LANDING

TRUMAN MARKETPLACE

STATE LINE STATION

BLUE RIDGE CROSSING

BROOKSIDE SHOPSSHAWNEE STATION

BELTON TOWN CENTER

OLATHE STATION

LENEXA CITY CENTER

MERRIAM TOWN CENTER








EXCLUSIVE AGENTS









EXCLUSIVE AGENTS


Demographic Source: Applied Geographic Solutions 11/2015, TIGER Geography page 1 of 1©2016, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2015 Estimates with 2020 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 38.9927/-94.6949RS1

9335-9393 W. 75th Street1 mi radius 3 mi radius 5 mi radius

Overland Park, KS 66204

PO

PU

LATI

ON

2015 Estimated Population 12,961 102,944 242,825

2020 Projected Population 13,323 106,270 249,940

2010 Census Population 12,251 98,751 234,304

2000 Census Population 11,548 100,826 236,509

Projected Annual Growth 2015 to 2020 0.6% 0.6% 0.6%

Historical Annual Growth 2000 to 2015 0.8% 0.1% 0.2%

2015 Median Age 34.4 38.9 40

HO

US

EH

OLD

S

2015 Estimated Households 6,109 46,488 108,009

2020 Projected Households 6,512 49,781 115,198

2010 Census Households 5,643 43,623 101,862

2000 Census Households 5,337 44,037 100,125

Projected Annual Growth 2015 to 2020 1.3% 1.4% 1.3%

Historical Annual Growth 2000 to 2015 1.0% 0.4% 0.5%

RA

CE

AN

DE

THN

ICIT

Y

2015 Estimated White 74.8% 81.9% 84.0%

2015 Estimated Black or African American 9.7% 6.8% 5.9%

2015 Estimated Asian or Pacific Islander 3.6% 3.5% 3.4%

2015 Estimated American Indian or Native Alaskan 0.6% 0.4% 0.4%

2015 Estimated Other Races 11.3% 7.4% 6.4%

2015 Estimated Hispanic 16.1% 11.2% 9.7%

INC

OM

E 2015 Estimated Average Household Income $59,112 $68,724 $83,214

2015 Estimated Median Household Income $52,773 $60,750 $70,780

2015 Estimated Per Capita Income $27,949 $31,095 $37,069

ED

UC

ATI

ON

(AG

E 2

5+)

2015 Estimated Elementary (Grade Level 0 to 8) 3.1% 2.5% 2.1%

2015 Estimated Some High School (Grade Level 9 to 11) 3.3% 3.7% 3.5%

2015 Estimated High School Graduate 19.3% 19.7% 17.2%

2015 Estimated Some College 25.5% 23.2% 21.6%

2015 Estimated Associates Degree Only 8.9% 8.0% 7.3%

2015 Estimated Bachelors Degree Only 25.5% 28.3% 30.7%

2015 Estimated Graduate Degree 14.3% 14.5% 17.6%

BU

SIN

ES

S 2015 Estimated Total Businesses 539 5,570 13,250

2015 Estimated Total Employees 9,934 76,097 187,439

2015 Estimated Employee Population per Business 18.4 13.7 14.1

2015 Estimated Residential Population per Business 24.1 18.5 18.3








EXCLUSIVE AGENTS


CITY OF OVERLAND PARK FACTS In 2013 Overland Park was among the Top 10 Best Mid-Sized Cities to move to. “Overland Park is safe, has a low unemployment rate,

and a high average income, making it No. 7...” said Movoto.com of Overland Park in picking the Top 10 cities in the U.S.

Top 100 Best Places to Live 2014, Overland Park is No. 17 according to Livability.com

Top 10 Places to Retire on the Cheap - Overland Park ranks No. 2 in Yahoo Finance’s ranking of the Top 10 places to retire on the cheap. Part of the evaluation of communities included a� ordability, robust local economy, low unemployment, a� ordable housing and access to a� ordable health care.

Top 10 soccer facilities in the United States - “Perhaps the most well-known soccer complex in the United States, Overland Park has it all,” said Insite on Sports Events about the Overland Park Soccer Complex. Further recognition of the complex includes its close proximity to more than 30 hotels, and “just about every restaurant one could ask for are located within minutes of the facility.”

In 2013 Overland Park ranked in Yahoo Travel’s “10 glorious gardens to explore” � nds beauty in the Monet Garden located within the 300-acre Overland Park Arboretum and Botanical Gardens. “There is...a quite delightful option: Simply go to (Overland Park) and see a replica (of Monet’s garden),” Yahoo Travel highlights. The Arboretum has a train garden, water gardens, sculptures and thousands of colorful � owers, many of which are cared for by 30 volunteers.

In 2012 Overland Park was among the Top 11 cities in U.S. For Raising a Family - “The schools are better than good, there’s no crime, and parents have a place to work...” said Movoto.com of Overland Park in picking the Top 11 Cities in the U.S. For Raising a Family.

Overland Park Among Top 10 Best Places to Live - CNN Money Magazine rated Overland Park ninth (previously ranked seventh in 2010). In ranking the top 100 cities, CNN Money Magazine, said Overland Park had no lack of town spirit, residents rave about friendly neighborhoods, people � ock to the biweekly Downtown Overland Park Farmers’ Market, known as one of the best in the area, enjoy the Overland Park Arboretum & Botanical Gardens, Overland Park Soccer Complex and Deanna Rose Children’s Farmstead. Overland Park is one of three cities in the nation to be consistently named in the Top 10 since 2006.

Top 10 Soccer Cities in United States - Overland Park was ranked No. 1 in 2012 by Livability in its list of the Top 10 Soccer Cities in United States. Livability cited the fact the Overland Park Soccer Complex was the only one of its kind in the nation. The 96-acre complex with 12 lighted regulation-size � elds, all with synthetic turf, hosted the 2010 US Youth Soccer National Championships, and will host the 2013 US Youth Soccer National Championships.

JOHNSON COUNTY FACTS According to the US Census Bureau, Johnson County is one of the largest counties in the state of Kansas and one of the wealthiest

counties in the United States

Johnson County is growing three times the rate of Kansas in general, according to the US Census Bureau

According to the US Census Bureau, Johnson County residents are more educated and more likely to own their own home than elsewhere in Kansas

The unemployment rate in Johnson County has dropped steadily since early 2011, with a current rate of 6%, as compared to the state average of 6.9% and the national average of 9.5%

95.5% of residents have high school diplomas, 50.7% have a Bachelor’s degree or higher

georgetown professional plaza investment for sale...comfort chiropractic and many others long term...

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