816-679-4954
200 NE Missouri Rd, Lees Summit, MO for Sale
Office - FOR SALE
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200 NE Missouri Rd
Lees Summit, MO 64086


HIGHLIGHTS

  • 97% lease to diverse tenant mix, with 45% medical tenants
  • Staggered lease expirations
  • $126,000 average household income in a 5-mile radius
  • Desirable Lee's Summit location, city population growth of 45% since 2000
  • Class A property with rooftop solar panels, new 2024 HVAC, and building signage
  • Access to the entire metro via I-470 and near Lee's Summit's largest hospital, St. Luke's East

OVERVIEW

Newmark Zimmer, as exclusive advisor, is pleased to present the opportunity to acquire the Business Exchange Building (the “Property”). The Property is a rare Class A, 48,903 square foot multi-tenant office building located at 200 NE Missouri Road, Lee's Summit, Missouri. Business Exchange is 97% leased to eight tenants with a 4.4-year WALT, average lease size of 6,100 square feet in a variety of industries, with 45% medical tenants. Select tenants include HCA Midwest Health, KC Pain Center, and Elite Health Performance. The building is fitted with rooftop solar panels that have reduced the utilities expenses for for tenants significantly. Business Exchange is located in Lee’s Summit, one of the most desirable and fastest growing communities in the Kansas City metro with great access to the entire Kansas City metro via Interstate 470, 350 Highway and 291 Highway with proximity to Lake Jacomo and Lee’s Summit Regional Airport. The Property is less than one mile from Discovery Park, an approximately $1B mixed-use development and Lee’s Summit’s largest hospital Saint Luke’s East. Lee’s Summit has extremely limited supply for quality general office and medical office space with a submarket vacancy rate of 7% compared to 17% vacancy in the rest of the Kansas City metro.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Business Exchange Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

242

LAND DETAILS

LAND ACRES

3.96 AC

LAND SF

172,498 SF

ZONING

CP-2

APN/PARCEL ID

52-400-04-33-00-0-00-000

ASK ABOUT THIS PROPERTY

816-679-4954

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816-679-4954

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