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Single-Tenant Office

Mission Corporate Centre | Kansas City MSA | 6-Story Multi-Tenant Office Building w/ Bank Drive-Thru

5800 Foxridge Dr, Mission (Kansas City MSA), KS 66202

Listing Price: $9,500,000

Cap Rate
13.33%
Tenant Name
Mission Corporate Centre
Years Remaining On Lease
9.9
Gross SF
116,715
Guarantor
Corporate Guarantee
Rentable SF
116,715
Price/Gross SF
$81.39
Lease Type
Modified Gross
Rent Per Square Feet
$10.85

Investment Overview

Mission is a city in Johnson County, Kansas, and part of the Kansas City Metropolitan Area. The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With 8,472 square miles and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas. Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee's Summit, Missouri. Business enterprises and employers include Cerner Corporation (the largest, with almost 10,000 local employees and about 20,000 global employees), AT&T, BNSF Railway, GEICO, Asurion, T-Mobile (formerly Sprint), Black & Veatch, AMC Theatres, Citigroup, Garmin, Hallmark Cards, Waddell & Reed, H&R Block, General Motors, Honeywell, a Ford Motor Company factory, The Kansas City Star, Bayer, Children's Mercy Hospital, Truman Medical Center-Hospital Hill, and Andrews McMeel Universal (representing Garfield, Calvin and Hobbes, and Doonesbury). Shopping centers include City Market, Crown Center, Country Club Plaza, Independence Center, Legends Outlets Kansas City, Oak Park Mall, Ward Parkway Center, and Zona Rosa.

Investment Highlights

  • High Quality Multi-Tenant 6-Story Office Building w/ Bank Drive-Thru. 50% Occupied w/ Longstanding Tenants. Roof Replaced in 2017. Significant Value-Add Opportunity with Leasing Up Vacant Space.
  • Positioned within Area's Major Office, Retail & Traffic Corridor: Features Easy Access & Excellent Visibility Along US-69 w/ Traffic Counts of 40k+ Vehicles. Near I-35 (141k+ VPD).
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks and Regional Office Spaces. Large Base of Office Employees within Walking Distance or a Short Drive.
  • Minutes from University of Missouri-Kansas City Volker Campus - part of the UMKC System and one of only two member Universities with a Medical School (16k+ Students). Across from Shawnee Mission High School (1.5k+ Students).
  • In Close Proximity to AdventHealth Shawnee Mission - a 504-Bed Facility with more than 22k Inpatient admissions and more than 200k Outpatient Admissions Annually.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $95k and over 239k People Residing within a 5-Mile Radius.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Single-Tenant Office

Mission Corporate Centre | Kansas City MSA | 6-Story Multi-Tenant Office Building w/ Bank Drive-Thru

Listing Price: $9,500,000

Cap Rate
13.33%
Tenant Name
Mission Corporate Centre
Years Remaining On Lease
9.9
Gross SF
116,715
Guarantor
Corporate Guarantee
Rentable SF
116,715
Price/Gross SF
$81.39
Lease Type
Modified Gross
Rent Per Square Feet
$10.85

Investment Highlights

  • High Quality Multi-Tenant 6-Story Office Building w/ Bank Drive-Thru. 50% Occupied w/ Longstanding Tenants. Roof Replaced in 2017. Significant Value-Add Opportunity with Leasing Up Vacant Space.
  • Positioned within Area's Major Office, Retail & Traffic Corridor: Features Easy Access & Excellent Visibility Along US-69 w/ Traffic Counts of 40k+ Vehicles. Near I-35 (141k+ VPD).
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks and Regional Office Spaces. Large Base of Office Employees within Walking Distance or a Short Drive.
  • Minutes from University of Missouri-Kansas City Volker Campus - part of the UMKC System and one of only two member Universities with a Medical School (16k+ Students). Across from Shawnee Mission High School (1.5k+ Students).
  • In Close Proximity to AdventHealth Shawnee Mission - a 504-Bed Facility with more than 22k Inpatient admissions and more than 200k Outpatient Admissions Annually.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $95k and over 239k People Residing within a 5-Mile Radius.

Investment Overview

Mission is a city in Johnson County, Kansas, and part of the Kansas City Metropolitan Area. The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With 8,472 square miles and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas. Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee's Summit, Missouri. Business enterprises and employers include Cerner Corporation (the largest, with almost 10,000 local employees and about 20,000 global employees), AT&T, BNSF Railway, GEICO, Asurion, T-Mobile (formerly Sprint), Black & Veatch, AMC Theatres, Citigroup, Garmin, Hallmark Cards, Waddell & Reed, H&R Block, General Motors, Honeywell, a Ford Motor Company factory, The Kansas City Star, Bayer, Children's Mercy Hospital, Truman Medical Center-Hospital Hill, and Andrews McMeel Universal (representing Garfield, Calvin and Hobbes, and Doonesbury). Shopping centers include City Market, Crown Center, Country Club Plaza, Independence Center, Legends Outlets Kansas City, Oak Park Mall, Ward Parkway Center, and Zona Rosa.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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