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Office

Concentra Commerce Center

6501 E Commerce Ave, Kansas City, MO 64120

Listing Price: $3,650,000

Cap Rate
4.34%
Gross SF
39,672
Rentable SF
38,150
Price/Gross SF
$92.00
Lot Size
3.50 acres
Year Built
1982

Investment Overview

Concentra Commerce Center is a 2-Story, Multi-Tenant Office Building, the only traditional office building of its kind in this submarket. Property has 11 Suites, Completely Remodeled in 2019 – Restrooms, Lobby, Corridors. Anchored by Concentra Urgent Care, the Building is Host to Local and National Tenants including Maxam Equipment, Lyneer Staffing Solutions, American Income Life Insurance, and others. Concentra Inc. is the Largest Urgent Care Provider in the Country, Currently Occupying 17% of the RBA, with an Additional 6% Targeted for Expansion. Approximately 62.14% Occupancy with a Weighted Average Unexpired Lease Term of 19.5 Months Located Just 7 Miles from Downtown Kansas City and the Downtown Airport, with 400 Linear Feet (approx.) of Direct Frontage on E Front Street (28,000+ AADT) between I-29 and I-435 Servicing Kansas City, MO. Roof is a 2001 TPO 45-mil system in Good Condition. Direct Ingress-Egress on E Commerce Ave. with 172 - Dedicated Free Surface Parking Spaces. Zoned: M3

Investment Highlights

  • Value-Add Opportunity - Pro Forma Cap Rate 10.25% | Kansas City Market Cap Rate 8.1%
  • 11 Suites, Completely Remodeled in 2019 – Restrooms, Lobby, Corridors
  • Anchored by Concentra Urgent Care.
  • Concentra Inc. is the Largest Urgent Care Provider in the Country, Currently Occupying 17% of the RBA, with an Additional 6% Targeted for Expansion
  • Approximately 62.14% Occupancy with a Weighted Average Unexpired Lease Term (WAULT) of 19.5 Months
  • Ingress-Egress on E Commerce Ave. , 172 - Dedicated Free Surface Parking Spaces, Zoned: M3

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Financing By

Office

Concentra Commerce Center

Listing Price: $3,650,000

Cap Rate
4.34%
Gross SF
39,672
Rentable SF
38,150
Price/Gross SF
$92.00
Lot Size
3.50 acres
Year Built
1982

Investment Highlights

  • Value-Add Opportunity - Pro Forma Cap Rate 10.25% | Kansas City Market Cap Rate 8.1%
  • 11 Suites, Completely Remodeled in 2019 – Restrooms, Lobby, Corridors
  • Anchored by Concentra Urgent Care.
  • Concentra Inc. is the Largest Urgent Care Provider in the Country, Currently Occupying 17% of the RBA, with an Additional 6% Targeted for Expansion
  • Approximately 62.14% Occupancy with a Weighted Average Unexpired Lease Term (WAULT) of 19.5 Months
  • Ingress-Egress on E Commerce Ave. , 172 - Dedicated Free Surface Parking Spaces, Zoned: M3

Investment Overview

Concentra Commerce Center is a 2-Story, Multi-Tenant Office Building, the only traditional office building of its kind in this submarket. Property has 11 Suites, Completely Remodeled in 2019 – Restrooms, Lobby, Corridors. Anchored by Concentra Urgent Care, the Building is Host to Local and National Tenants including Maxam Equipment, Lyneer Staffing Solutions, American Income Life Insurance, and others. Concentra Inc. is the Largest Urgent Care Provider in the Country, Currently Occupying 17% of the RBA, with an Additional 6% Targeted for Expansion. Approximately 62.14% Occupancy with a Weighted Average Unexpired Lease Term of 19.5 Months Located Just 7 Miles from Downtown Kansas City and the Downtown Airport, with 400 Linear Feet (approx.) of Direct Frontage on E Front Street (28,000+ AADT) between I-29 and I-435 Servicing Kansas City, MO. Roof is a 2001 TPO 45-mil system in Good Condition. Direct Ingress-Egress on E Commerce Ave. with 172 - Dedicated Free Surface Parking Spaces. Zoned: M3

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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