20/20 Bldg 2020 W 89th St 68,333 SF 95% Leased Office Building Leawood, KS 66206 £7,160,910 (£104.79/SF)
INVESTMENT HIGHLIGHTS
- Excellent highway access – 435 via State Line 2 miles
- Professionally third party managed with well capitalized ownership
- Within walking distance to the Ward Parkway Shopping Center & Restaurants
EXECUTIVE SUMMARY
2020 W. 89th Street (the “Property”) is a 68,336-square-foot office building located along State Line Road in Leawood, Kansas. The Property is currently 40% occupied and is a rare owner/user opportunity with four additional tenants that provide cash flow to cover the building operating expenses.
The Property is strategically located along the west side of State Line Road and is one of the few office buildings located on the Kansas side of the Ward Parkway office submarket, allowing employers to avoid the 1% earnings tax that is applicable on the Missouri side of State Line Road.
There are two vacant suites in the building, one of which is a full floor space on the second floor that could be occupied by a single user or could be demised into multiple office suites. The other available suite is a 7,414 square foot space on the third floor.
The Property features a highly sought after 38-space covered parking garage on the ground level, a rare feature for office buildings in the Ward Parkway submarket.
The Property is strategically located along the west side of State Line Road and is one of the few office buildings located on the Kansas side of the Ward Parkway office submarket, allowing employers to avoid the 1% earnings tax that is applicable on the Missouri side of State Line Road.
There are two vacant suites in the building, one of which is a full floor space on the second floor that could be occupied by a single user or could be demised into multiple office suites. The other available suite is a 7,414 square foot space on the third floor.
The Property features a highly sought after 38-space covered parking garage on the ground level, a rare feature for office buildings in the Ward Parkway submarket.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
68,333 SF
Building Class
B
Year Built
1991
Price
£7,160,910
Price Per SF
£104.79
Percent Leased
95%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
22,778 SF
Slab to Slab
11 ft
Building FAR
0.22
Lot Size
7.11 AC
Zoning
SD-O - Planned Office
Parking
225 Spaces (3.29 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 3,410 SF | Office | Full Build-Out | Now |
| 2nd Floor | 33,000 SF | Office | Full Build-Out | 30 Days |
| 3rd Floor | 7,414 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste 100
| Size |
| 3,410 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 33,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size |
| 7,414 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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PROPERTY TAXES
| Parcel Number | HP23500000-0001 | Improvements Assessment | £1,042,206 |
| Land Assessment | £291,419 | Total Assessment | £1,333,625 |
