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1129 Merriam Lane
Industrial | 8.50% CAP | 10,800 SF
Listing Contacts
License: MO 00241790
Active
Asking Price: $830,964
Address
Merriam Ln, Merriam, KS 66203
Show on MapDate Added
Aug 7, 2024
Days on Market
312 days
Time Since Last Update
61 days
Details
Marketing Description
On behalf of Ownership, Colliers is pleased to present to qualified investors the opportunity to acquire 1129 Merriam Lane, Kansas City, Kansas
Investment Highlights
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10,800 SF
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Located in Wyandotte County, Kansas
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Great interstate access to I-35, I-635, and Hwy 69
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5.05-acre parcel
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100% leased to Forshaw, Inc.
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Lease term: Five (5) years; Tenant has two Five (5) Year options to renew
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Lease type: NNN; Landlord responsibilities: Structural repairs/replacement; and parking lot replacement
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Current NOI: $70,632.00
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Annual rent escalations tied to CPI
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Sale price: $830,964.00; Year 1 cap rate: 8.50%
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,632.00
$5,886.00/mo
Valuation Metrics
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0
DSCR
8.5%
Cap Rate
8.5%
ROI
Property History
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Due Diligence
Listing Contacts
- License: MO 00241790
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