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Office Warehouse

KANSAS CITY DEPARTMENT OF HIGHWAYS

2336 NW Furman Rd, Topeka, KS 66618

Listing Price: $5,400,000

Cap Rate
8.00%
Gross SF
127,435
Price/Gross SF
$42.37
Lot Size
14.00 acres
Year Built
1995
Rentable SF
127,435

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in the 24/75 Industrial complex in Topeka, Kansas. This 10-building storage
and office complex offers over 127,435-square feet of space, with frontage along NW Highway 24 and Highway 75. The site comprises of approximately
14-acres with the construction of the buildings occurring from, 1995-2003 and constructed to ADA and OSHA compliance, flexible use, and high energy
efficiency. There are also 6-acres of developed yard area. The construction yard spaces are fenced and have 18 inches of rock and asphalt millings for a
base, loaded construction lowboys can travel in all types of weather without risk of sinking in or getting stuck.

The site is anchored by the Kansas Highway Patrol who occupies 61,180-square feet. The remaining tenants are a diverse mix of government and local
businesses such as: The Kansas Fire Marshall, Kansas Traffic Control Services, Kaw Valley Heating and Cooling, Highland Labs, LifeTech Solutions,
Sturgeon Electric, and Custom Job Shop. All tenants operate the site under modified gross lease structures with staggering lease expirations through 2025.
Additionally, the Kansas Highway patrol underwent expansive renovation in the last year. These renovations include a brand-new backup generator,
major mechanical HVAC updates, and new bullet proof entryway. This primes them to execute their two five-year renewal options.

This property offers an investor the opportunity to acquire a stabilized, cash-flowing office/warehouse complex in Topeka, Kansas. The site boasts
excellent frontage to Highway 24 and 75 and is centrally located just 8-minutes from Downtown Topeka. The site is near many other government and
state operations in the Metro Area

Investment Highlights

  • Ten Building Mixed-Use Industrial Complex
  • S&P Credit Rating of AA+
  • Stabilized Cash Flowing Asset within Central Topeka
  • Less than 3 Minutes from I-70 Excellent Access to City

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Office Warehouse

KANSAS CITY DEPARTMENT OF HIGHWAYS

Listing Price: $5,400,000

Cap Rate
8.00%
Gross SF
127,435
Price/Gross SF
$42.37
Lot Size
14.00 acres
Year Built
1995
Rentable SF
127,435

Investment Highlights

  • Ten Building Mixed-Use Industrial Complex
  • S&P Credit Rating of AA+
  • Stabilized Cash Flowing Asset within Central Topeka
  • Less than 3 Minutes from I-70 Excellent Access to City

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in the 24/75 Industrial complex in Topeka, Kansas. This 10-building storage
and office complex offers over 127,435-square feet of space, with frontage along NW Highway 24 and Highway 75. The site comprises of approximately
14-acres with the construction of the buildings occurring from, 1995-2003 and constructed to ADA and OSHA compliance, flexible use, and high energy
efficiency. There are also 6-acres of developed yard area. The construction yard spaces are fenced and have 18 inches of rock and asphalt millings for a
base, loaded construction lowboys can travel in all types of weather without risk of sinking in or getting stuck.

The site is anchored by the Kansas Highway Patrol who occupies 61,180-square feet. The remaining tenants are a diverse mix of government and local
businesses such as: The Kansas Fire Marshall, Kansas Traffic Control Services, Kaw Valley Heating and Cooling, Highland Labs, LifeTech Solutions,
Sturgeon Electric, and Custom Job Shop. All tenants operate the site under modified gross lease structures with staggering lease expirations through 2025.
Additionally, the Kansas Highway patrol underwent expansive renovation in the last year. These renovations include a brand-new backup generator,
major mechanical HVAC updates, and new bullet proof entryway. This primes them to execute their two five-year renewal options.

This property offers an investor the opportunity to acquire a stabilized, cash-flowing office/warehouse complex in Topeka, Kansas. The site boasts
excellent frontage to Highway 24 and 75 and is centrally located just 8-minutes from Downtown Topeka. The site is near many other government and
state operations in the Metro Area

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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