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Warehouse

American Freight

3630 E Front St, Kansas City, MO 64120

Listing Price: $10,000,000

Cap Rate
6.56%
Gross SF
246,000
Price/Gross SF
$40.65
Lot Size
16.44 acres
Year Built
1966
Rentable SF
246,000

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3630 East Front Street in Kansas City, Missouri, fully leased to American Freight. The subject property consists of approximately 246,000 square feet of warehouse space and is situated on 16.44 acres of land. The asset, constructed of masonry, features 53 dock-high doors and 300 parking spaces. With the property priced below replacement cost, investors are offered a low basis. There are just under three years remaining on the lease, with two 5-year renewal options. As a triple net lease, landlord responsibilities and expenses are minimized.

Investment Highlights

  • Features 53 Dock-High Doors and 300 Parking Spaces, and Masonry Construction
  • Triple-Net Leases, Minimizing Landlord Responsibility, and Expenses
  • Tight Barrier to Entry Submarket with 3.2% Vacancy Rate
  • Located Within 5 Miles of Downtown Kansas City

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Financing By

Listing Price: $10,000,000

Cap Rate
6.56%
Gross SF
246,000
Price/Gross SF
$40.65
Lot Size
16.44 acres
Year Built
1966
Rentable SF
246,000

Investment Highlights

  • Features 53 Dock-High Doors and 300 Parking Spaces, and Masonry Construction
  • Triple-Net Leases, Minimizing Landlord Responsibility, and Expenses
  • Tight Barrier to Entry Submarket with 3.2% Vacancy Rate
  • Located Within 5 Miles of Downtown Kansas City

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3630 East Front Street in Kansas City, Missouri, fully leased to American Freight. The subject property consists of approximately 246,000 square feet of warehouse space and is situated on 16.44 acres of land. The asset, constructed of masonry, features 53 dock-high doors and 300 parking spaces. With the property priced below replacement cost, investors are offered a low basis. There are just under three years remaining on the lease, with two 5-year renewal options. As a triple net lease, landlord responsibilities and expenses are minimized.

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

Financing By

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