The Lindenwood Business & Technical Center (the “Property”) is a 123,710-square-foot office building and a 10,000-square-foot storage/warehouse building located along the east side of Interstate 35 in Olathe, Kansas. The Property presents an opportunity for a value-add investor or owner/user to acquire a large office building with recent capital upgrades and an above-market parking ratio at a price substantially below replacement cost.
Purchase Price: $4,650,000
Price Per Square Foot: $35
Occupancy: 21%
Building Area: 133,710 SF
Total Site Area: 11.85 acres
Zoning: M-2 General Industrial District
Parking (fee simple): 761 surface spaces
Parking (perpetual easement): 92 surface spaces
Parking Ratio: 6.4
