2020 W 89th St - Office FOR SALE


Leawood, KS 66206
$9,500,000 USD
913-400-1252
2020 W 89th St, Leawood, KS for Sale
$9,500,000 USD
Office - FOR SALE
1/3
null | Request Cap Rate

2020 W 89th St
Leawood, KS 66206


HIGHLIGHTS

  • Excellent highway access – 435 via State Line 2 miles
  • Within walking distance to the Ward Parkway Shopping Center & Restaurants
  • Professionally third party managed with well capitalized ownership

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20/20 Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

7.11 AC

LAND SF

309,712 SF

ZONING

SD-O

APN/PARCEL ID

HP23500000-0001

ASK ABOUT THIS PROPERTY

Hank SimpsonPeak Real Estate PartnersMore Info
913-400-1252

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Hank SimpsonPeak Real Estate PartnersMore Info
913-400-1252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.