6700 Antioch Rd
Class A Office Space for Sale
Marketing description
Newmark Zimmer Midwest Capital Markets (NZ), as exclusive advisor, is pleased to present the opportunity to acquire Antioch Plaza (the
“Property”), a Class A 87,521-square-foot multi-tenant office building located at 6700 Antioch Road, Merriam, Kansas.
Constructed in 1988, the Property is situated on a 4.13 acre parcel with surface parking. The Property is currently 68% leased with 15 tenants in place. 28,434 SF is immediately available for further income enhancement. The below-market rental rates and current vacancy provide a significant value-add opportunity for investors to nearly double the existing rental income and capitalize on the buildings strong leasing velocity. The Property offers exceptional regional access with close proximity to I-35 and I-635 and Kansas Highways 69 and 169.
Antioch Plaza is located in North Johnson County just a short drive from four of Kansas City’s most desirable country clubs, Downtown Overland Park, Downtown Mission, and the Shops of Prairie Village. The Property has excellent access to nearby airports, and is within 30 minutes of KCI, Charles B. Wheeler Downtown, Johnson County Executive, and New Century Airport.
Investment highlights
- Strong submarket demographics, with population growth above the national average and excellent school districts
- Dramatic two story atrium lobby, new roof with a 20 year transferable warranty (2021) and new chiller/cooling tower (2022)
- Great opportunity for an owner-user to occupy a portion of the building while collecting income from existing tenants
- Positive recent leasing activity, with staggered lease expirations
- The vacant spaces provide significant upside potential to stabilize the asset
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