Listed by NAI Heartland
$6,450,000
Santa Fe Commons
Details
Property Type Office, Retail
Sub Type Executive Office, Medical Office
Class B
Year Built 2006
Buildings 4
Stories 1
Acreage 8.920
Zoning CP-2, C-2
Parking Spaces 41 spaces
Office
Marketing description
Great Plans Real Estate Developments, LLC (“Ownership”) is the fee simple owner of the Santa Fe Commons development, in its entirety. The entire project is being marketed and offered for sale as a single transaction, with wholesale pricing for the remaining development lot for an investor. Four (4) existing buildings = 45,630 rentable square feet
Investment highlights
- The following is a confidential summary of a unique investment opportunity within Olathe, Kansas. Santa Fe Commons is a top tier, mixed use project with the highest quality of construction, offering a mix of greenspace views with premier visibility to a high traffic corridor with more than 26,000 cars per day. Located one block south of 135th Street on Mur-Len, Santa Fe Commons has a stop light interchange leading directly into the project. In addition to the four existing structures, this opportunity offers an investor the upside of two additional lots available for future development.
- This development is comprised of a diverse mix of strong local tenants with a tract record of consistent occupancy and renewals over the life cycle of this project. The vast majority of the tenants are original to the project with a mix of a large residential real estate group and supporting companies that have thrived over the past decade, in addition to a university’s nursing school that represents one of their strongest departments with a consistently high demand of enrollment.
- Santa Fe Commons offers a potential investor a stabilized rent roll with an opportunity for rent growth with an extremely limited supply of comparable buildings from a quality and visibility perspective within the immediate area. In addition, one of the remaining lots is the premier site at the stop light interchange on Mur-Len with the additional site directly behind the existing retail site. As an incentive to a potential investor, the ownership group is offering a wholesale discount on these lots with the purchase of the existing portfolio. This is truly a unique investment opportunity offering the balance of stability with multiple directions for value add opportunities in the future at a premier site in Olathe, Kansas.
- Total Project: 45,578 Rentable SF (not inclusive of building utility rooms)
- Year Built: 2006
- Land Area: 8.92 acres (388,555 SF) between 6 development parcels and 2 additional parcels
- Undeveloped: 2.09 acres (91,040 SF) across 2 parcels
- Developed: 4 structures on 5.16 acres across 4 parcels
Listing Contacts
Listed by NAI Heartland
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