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Bob Cattanach 6811 Shawnee Mission Parkway
Suite 210 Overland Park, Kansas 66202
Phone: 913.219.2109 Fax: 913.789.9001
www.waterfordproperty.com
100% Leased Office Building for Sale 9225 Ward Parkway
Kansas City, MO 64114
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Table of Contents
• Investment Summary ...................................................... 2
• Property Information
Regional Map ..................................................................... 3
Aerial Map ......................................................................... 4
Site Plan ............................................................................ 5
Property Profile/Financial Information ................................... 6
Building Summary ............................................................. 7
Floor Plans ......................................................................... 8
Area Amenities ................................................................. 10
• Kansas City Overview .................................................... 11
• Economic Development/Government Agencies ........... 13
• Disclaimer ..................................................................... 14
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INVESTMENT SUMMARY
Waterford Property Company, LLC has been retained as the exclusive agent to sell or lease the 9225 Ward Parkway Building (“Building”). 9225 Ward Parkway contains 33,830 square feet on two (2) floors, plus a 7,000 square foot parking garage. The original building of approximately 26,880 square feet was constructed on 2.2 acres in 1970. The north end of the building was constructed in 2005, including approximately 7,000 square feet of additional 2nd floor office space and an approximately 7,000 square foot 1st floor heated parking garage.
Building amenities include a fitness center, training center, fully-equipped break room, heated 16-car parking garage and two generators. The Building is currently occupied by multiple tenants on leases that may be extended by the buyer.
The Building is located in Kansas City, Missouri, within the South Kansas City Submarket. 9225 Ward Parkway is situated in what has been one of the most active suburban submarkets in the metro area. The area is experiencing a resurgence of retail development. The Ward Parkway Mall, one of the largest and most successful centers in the metro added a 31,000 square foot expansion of restaurants including Charleston’s, Louie’s Wine Dive and the Marble Top Café. These additions, coupled with the AMC Theaters, Trader Joe’s, Chick-Fil-A, Firehouse Subs and Target have created one of the most vibrant retail environments in Kansas City. The Burns & McDonnell headquarters campus and Rockhurst High School are immediately adjacent to the south.
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REGIONAL MAP
9225 Ward Parkway
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AERIAL MAP
N Kansas City International Airport: 35 miles/41 minutes Central Business District: 10 miles/18 minutes I-435: 2.1 miles/4 minutes
Burns & McDonnell
Rockhurst High School
Ward Parkway
Mall
9225 Ward Parkway
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SITE PLAN
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PROPERTY DESCRIPTION
Address: 9225 Ward Parkway Kansas City, MO 64114
Size: 33,880 office square feet, plus 7,000 square foot heated garage
Land Area: 2.20 acres (95,832 SF)
Year Constructed: 1970, and expanded 2005
Occupancy: 100%
Parking: 132 spaces, including 16 spaces in the heated parking garage.
Floors: Two (2) 2nd floor: 20,440 SF 1st floor: 13,440 SF Garage: 7,000 SF
2017 Real Estate Taxes: $2.14 per office square foot ($72,518)
Parcel #: 48-410-06-31-00-0-00-000
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Building Summary – 9225 Ward Parkway, Kansas City, MO 64114 Primary Use: Office Asking Price: $3,400,000
Zoning: O-2 (Office) Historical Lease Rate: $21.00 per SF
Street Frontage: 210 feet on Ward Parkway Transaction Type: Sale
Year Built: 1970, expanded 2005 Real Estate Tax Bill: 2016: $68,446.03
Exterior Type: Brick exterior 2017: $72,518.10
# of Floors: 2 Parcel ID: 48-410-06-31-00-0-00-000
Roof: Replaced 1994 Land Size: 2.07 acres; 90,288 square feet
# of Passenger Elevators: 1 County: Jackson
# of Parking spaces: 132 Sub-Market: Ward Parkway/South Kansas City
Ceiling: Acoustical tile Heat: Natural gas
Lighting Type: Fluorescent and LED Gas: Missouri Gas Energy
Lawn Sprinkler: Yes Water: City of Kansas City, MO
Fire Sprinkler: No Sewer: City of Kansas City, MO
Security System: Yes Power Supplier: Kansas City Power & Light
# of Restrooms: Multiple, 1st floor: 2; 2nd floor: 4 Current Phone Service: Consolidated Communications
Handicapped Accessible (ADA): Yes Current Cable/Data: Spectrum
Signage: Building crown HVAC: 2-40 ton Carrier AC units (1999)
Generator: Two Generacs – Natural gas 2-550K BTU heat units Engineered Air (2005)
4-7.5 ton York heat/AC units (2005)
Contacts:
Bob Cattanach Waterford Property Company, (913) 219-2109 6811 Shawnee Mission Parkway, Suite 210 [email protected] Overland Park, KS 66202 Main: (913) 789-9000 Fax: (913) 789-9001 Web: www.waterfordproperty.com
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2ND FLOOR PLAN - 15,768 SF
N
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1ST FLOOR PLAN – 15,768 SF, including 7,000 SF garage
Heated 16-car garage
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Dentist Tenant Area
Café Area
Fitness Area
Double Garage Doors
Patio Area
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AREA AMENITIES 9201 Ward Parkway is in close proximity to a number of amenities, including restaurants, hotels, banks, post office and many others.
Restaurants
Baskin-Robbins
Big Biscuit
Blue Koi
BRGR
Cacao Restaurante
Chick-Fil-A
El Porton Cafe
Firehouse Subs
First Watch
Five Guys
Freddy’s
Fritz’s
Jasper’s
Johnny’s Tavern
Jun’s
McLain’s Market
Noodles & Company
O’Neills
Panera
Papa John’s
Papa Murphy’s
Room 39
Rye Restaurant
Salty Iguana
Sawa Sushi & Hibachi
Sonic
Spin! Neapolitan Pizza
T Loft
Tavern at Mission Farms
Winstead’s
Hotels
Cloverleaf Suites
Courtyard by Marriott
Drury Inn
Embassy Suites
Hampton Inn
Hilton Garden Inn
Holiday Inn
Homewood Suites
Marriott KC Overland Park
Sheraton Overland Park
Banks
Bank of America
BMO Harris Bank
Capitol Federal
Commerce Bank
Community America Credit Union
Country Club Bank
Equity Bank
InTrust Bank
U.S. Bank
Wells Fargo Bank
Child Care
Christ the King Infant Toddler
Parkwood Day School
Playful Scholars Child Care
TLC Nanny and Sitter Service
Whitefield Academy
Shopping/Entertainment
Glenwood Arts Theater
Gymboree Play & Music
Hen House Market
Hy-Vee
Mission Road Antique Mall
Nall Hills Shopping Center
Sprouts Farmers Market
Randy Neal Floral
Top Golf
Trader Joe’s
Ward Parkway Shopping Center
Other
Alexander Majors Historic Museum
Hallbrook Country Club
Shawnee Mission Medical Center
St. Joseph Medical Center
U.S. Post Office
9201 State Line Road
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KANSAS CITY OVERVIEW The Kansas City Metro was recently named by Expansion Management magazine as one of “America’s 50 Hottest Cities” for company executives looking to expand or relocate their headquarters, back-office operations, or manufacturing plants. The area has also been widely recognized as having the technology, infrastructure, and resources to support companies of all sizes. Well-educated and tech-savvy workers are readily supplied by the University of Missouri at Kansas City, Kansas State University and the University of Kansas. Well known for its spacious parkways and numerous parks and fountains, Kansas City has an excellent quality of life and a unique sense of community.
Kansas City’s economy is recognized as one of the nation’s most diverse with no one sector comprising more than 16% of the overall employment. Kansas City is well known as the home of Hallmark’s global headquarters and as a regional hub of the federal government. This includes the 1.1-million-square-foot IRS Service Center (constructed in 2006) and a 600,000-square-foot Federal Reserve Bank building (built in 2008). These substantial GSA investments are reflective of a long-term commitment to Kansas City and further bolster the market’s stability. In addition, the Federal Reserve’s presence, along with the 600,000-square-foot world headquarters of H&R Block, in downtown and American Century Investment’s 485,000-square-foot corporate headquarters on the Plaza, solidifies Kansas City’s standing as a significant banking and financial center in the Midwest.
Kansas City boasts a highly educated labor force of more than 1 million people. Approximately 32% of the metro area population has a four-year degree, which is 5% higher than the national average. Each year, the Kansas City job market is a magnet for more than 100,000 college graduates from regional colleges and universities. The area’s information technology workforce numbers more than 34,000 and area universities and colleges produce more than 1,000 IT graduates each year. Base on the Mid-America Regional Council (MARC) forecast, the Kansas City metro area is expected to add over 10,000 jobs by 2024: representing an 18% increase. A significant portion of anticipated growth comes from office-using sectors, such as the financial industry.
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Fortune 500 and 1000 companies with a presence in the metro include Sprint, Hallmark, AT&T, Interstate Bakeries, American Century Companies, Honeywell, Kansas City Southern Industries, Lee Apparel, Cerner Corporation, Commerce Bancshares, UMB Financial Corporation, Russell Stover Candy and HCA, Inc. In 2014, HCA provided an infusion of $1.6 billion into the local economy and has segmented its Kansas City operations into its own division, one of only twelve throughout the national HCA system. Also contributing to the metro’s stable economy is the federal government, which supplies more than 30,000 local jobs, 6,500 of which are spread among the IRS Processing Center, National Nuclear Security Administration, Marine Corps information technology center, and more.
This concentration of dynamic workers means Kansas City offers an exceptional labor pool and is an indicator of the high quality of life enjoyed by its residents. Fifteen universities and institutions are within the metro area, including the University of Kansas, which provides a continual stream of college students to the market. The area has also become one of the top markets for companies in the animal health industry, with more than 300 animal health companies having a notable presence along the Kansas City-centered Animal Health Corridor, which has become a haven for companies devoted to animal health research and development. It is fueled by graduates from strong veterinary schools such Kansas State University and the University of Missouri.
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ECONOMIC DEVELOPMENT/GOVERNMENTAL AGENCIES
State
Lynne Shea, CEcD Missouri Department of Economic Development Phone: 573.751.5798 Email: [email protected] Website: www.ded.mo.gov
City
Bob Long Development Services Specialist Kansas City Economic Development Council Phone: 816.691.2104 Email: [email protected] Website: www.edckd.com
Economic Development
Jill McCarthy Tim Cowden Kansas City Area Development Council Kansas City Area Development Council Phone: 816.374.5636 Phone: 816.374.5650 Email: [email protected] Email: [email protected] Website: www.thinkKC.com Website: www.thinkKC.com
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CONFIDENTIALITY AND DISCLAIMER STATEMENT
This Offering Memorandum contains select information pertaining to the business and affairs of the building at 5200 Metcalf Avenue as an Investment Offering. It has been prepared by Waterford Property Company, LLC. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser or tenant may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser or tenant of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Waterford Property Company, LLC. The material is based in part upon information supplied by the Seller and in part upon information obtained by Waterford Property Company, LLC from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
