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Single-Tenant Office

Overland Park Office | Owner User | Investor

8455 College Blvd, Overland Park, KS 66210

Listing Price: $3,250,000

Cap Rate
6.38%
Gross SF
16,390
Rentable SF
16,390
Price/Gross SF
$198.29
Lot Size
1.21 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present a rare opportunity for an owner-user - or investor - to purchase a pristine office building in the heart of the Executive Hills submarket of Overland Park, KS. The property shares the submarket with T-Mobile, 14,500 employees, (NASDAQ: TMUS), PNC Bank loan servicing (NYSE: PNC) Marcus & Millichap (NYSE: MMI), Zoom (NASDAQ: ZM) and the AMC Headquarters (NYSE: AMC). The surge in daytime population reaches over 189,500 employees in a 5 mile radius and is supported by dozens of high-end hotels, restaurants and retail, such as Whole Foods, Apple and Lulu Lemon. More than 40 companies have their headquarters in Overland Park, including Fortune 500 companies YRC Worldwide, Black & Veatch, Ferrell Gas & Compass Minerals. The property has access to three highway exits in a 1-mile radius - (I-435 & Antioch: 148,000 VPD | I-435 & Metcalf: 146,000 VPD | Hwy 69: 82,500 VPD). In 2021, Overland Park was ranked #4 "Best city to raise a family" and "Best to live in" by (Niche). Money Magazine has again recognized Overland Park as a Top-10 Best Places to Live in the Nation (#7) with an unemployment rate of just 2.6%. The Average Household Income (HHI) is $110,062 (1-mi) and $123,407 (3-mi). The Blue Valley School District is consistently voted the best school district in all of Kansas. As an asset class, suburban office is positioned for a long term uptrend due to the largest demographic entering the family formation stage. (p. 14) and investment dollars favor suburban vs. urban office properties by a 2-1 margin (p. 15).

Investment Highlights

  • High-End Suburban Office Submarket With Supportive Retail (Whole Foods, Apple, Lulu Lemon) | Strong Unemployment Rate of 2.9 Percent | Excellent Highway Access | Direct Access To College Blvd.
  • Johnson County is AAA Bond Rated (Moody's) | Average Household Income is $110,062 (1-Mile) and $123,40 (3-Mile) | Blue Valley School District Voted Best Kansas | Money Magazine: Best Places to Live
  • Suburban Office Sector Benefiting From Macro Demographic Trend: Millennial Generation Has Entered Family Formation Stage | 72.2 Million Between 26-42 Years Old
  • Executive Hills Submarket: T-Mobile Campus (NASDAQ: TMUS), Zoom Video (NASDAQ: ZM), PNC Bank (NYSE: PNC), Marcus & Millichap (NYSE: MMI), The Overland Park Convention Center
  • Continental Title Co. Lease Runs Through June of 2023 & Agrees to sign new Five-Year Lease on Lower 4,192 Square-Feet | Owner-User or Value-Add For Upper 12,198 Square-Feet | Modern Interior, Excellent Condition (see Floor Plan, p. 16)
  • New Roof, HVAC & Parking Lot Top Coat Within the Last Three Years

Exclusively Listed By

Single-Tenant Office

Overland Park Office | Owner User | Investor

Listing Price: $3,250,000

Cap Rate
6.38%
Gross SF
16,390
Rentable SF
16,390
Price/Gross SF
$198.29
Lot Size
1.21 acres
Year Built
1982

Investment Highlights

  • High-End Suburban Office Submarket With Supportive Retail (Whole Foods, Apple, Lulu Lemon) | Strong Unemployment Rate of 2.9 Percent | Excellent Highway Access | Direct Access To College Blvd.
  • Johnson County is AAA Bond Rated (Moody's) | Average Household Income is $110,062 (1-Mile) and $123,40 (3-Mile) | Blue Valley School District Voted Best Kansas | Money Magazine: Best Places to Live
  • Suburban Office Sector Benefiting From Macro Demographic Trend: Millennial Generation Has Entered Family Formation Stage | 72.2 Million Between 26-42 Years Old
  • Executive Hills Submarket: T-Mobile Campus (NASDAQ: TMUS), Zoom Video (NASDAQ: ZM), PNC Bank (NYSE: PNC), Marcus & Millichap (NYSE: MMI), The Overland Park Convention Center
  • Continental Title Co. Lease Runs Through June of 2023 & Agrees to sign new Five-Year Lease on Lower 4,192 Square-Feet | Owner-User or Value-Add For Upper 12,198 Square-Feet | Modern Interior, Excellent Condition (see Floor Plan, p. 16)
  • New Roof, HVAC & Parking Lot Top Coat Within the Last Three Years

Investment Overview

Marcus & Millichap is pleased to present a rare opportunity for an owner-user - or investor - to purchase a pristine office building in the heart of the Executive Hills submarket of Overland Park, KS. The property shares the submarket with T-Mobile, 14,500 employees, (NASDAQ: TMUS), PNC Bank loan servicing (NYSE: PNC) Marcus & Millichap (NYSE: MMI), Zoom (NASDAQ: ZM) and the AMC Headquarters (NYSE: AMC). The surge in daytime population reaches over 189,500 employees in a 5 mile radius and is supported by dozens of high-end hotels, restaurants and retail, such as Whole Foods, Apple and Lulu Lemon. More than 40 companies have their headquarters in Overland Park, including Fortune 500 companies YRC Worldwide, Black & Veatch, Ferrell Gas & Compass Minerals. The property has access to three highway exits in a 1-mile radius - (I-435 & Antioch: 148,000 VPD | I-435 & Metcalf: 146,000 VPD | Hwy 69: 82,500 VPD). In 2021, Overland Park was ranked #4 "Best city to raise a family" and "Best to live in" by (Niche). Money Magazine has again recognized Overland Park as a Top-10 Best Places to Live in the Nation (#7) with an unemployment rate of just 2.6%. The Average Household Income (HHI) is $110,062 (1-mi) and $123,407 (3-mi). The Blue Valley School District is consistently voted the best school district in all of Kansas. As an asset class, suburban office is positioned for a long term uptrend due to the largest demographic entering the family formation stage. (p. 14) and investment dollars favor suburban vs. urban office properties by a 2-1 margin (p. 15).

Exclusively Listed By

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