On behalf of Ownership (Jones Development), Colliers International is pleased to present to qualified investors the opportunity to acquire Perimeter Park Commerce Center ("the Property"). Most desirable industrial submarket in Kansas City - Johnson County, Kansas. Tenant demised areas are 20,000 - 40,000 SF: Ideal for the building/market; Majority of spec construction is larger buildings that cannot accommodate these Tenant sizes.
100% leased to four tenants
Barriers to entry: Last large land site in Perimeter Park
75% property tax abatement through 12/31/2028
7± year weighted average lease term
Year 1 NOI: $702,113
Sale price: $11,235,000 > Cap rate: 6.25%
Land Area: 7.8 acres
Building Dimensions: 200’ depth x 500’ length
Clear Height: 28’ minimum; Column Spacing: 50’ x 50’
Lighting: LED, Sprinkler Specification: ESFR, Construction Type: Concrete tilt-up
