INVESTMENT OFFERING · Jones Lang LaSalle Brokerage, Inc. (“JLL”) is pleased to offer for sale the fee simple interest in 8701 Troost Avenue, Kansas City, Missouri (the “Property”)

CONFIDENTIAL OFFERING MEMORANDUM

118,199 SQUARE FOOT BUILDING ON 26.22 ACRES

8701 Troost Ave. | Kansas City, Missouri

INVESTMENT OFFERING

01EXECUTIVE

SUMMARY

PG. 1

02PROPERTY

OVERVIEW

PG. 3

03KANSAS CITY

OVERVIEW

PG. 12

CONTACT:

Matt Kiehne913 469 4624

[email protected]

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

The Offering

Jones Lang LaSalle Brokerage, Inc. (“JLL”) is pleased to offer for sale the fee

simple interest in 8701 Troost Avenue, Kansas City, Missouri (the

“Property”). The Property is a three-story former Kindred long-term acute

care hospital containing approximately 118,199 square feet on 26.22 acres.

2

EXECUTIVE SUMMARY 2

Address8701 Troost Ave.Kansas City, Missouri

Offering Price $3,500,000 ($29.61

Year Built 1958

Size 118,199 SF

Stories Three (3) plus a ground level

Site Area 26.22 acres

Parking 178 spaces

BedsThe facility was formerly licensed for 167 hospital beds.

Rooms 86

psf)

8701 Troost Ave.| Kansas City, Missouri

P r o p e r t y S n a p s h o t

PROPERTY OVERVIEW

5

PROPERTY OVERVIEW

Property Specifications

Zoning

R-0.5

Construction Type

Concrete masonry and steel

Exterior Façade

Brick veneer and cement plaster

Roof

Ballasted single ply membrane

Elevators

Three (3) 3,500 pound capacity hydraulic passenger elevators

HVAC

100 ton water-cooled chillers and a cooling tower

Two (2) gas-fired hot water boilers (replaced in 2010)

Utilities

Electric: Kansas City Power & Light Water: City of Kansas City

Gas: Spire (formerly MGE) Sewer: City of Kansas City

Life Safety

Fully sprinklered wet system

500 KVA diesel powered emergency generator for elements of the life safety system (upgraded in 2016)

PROPERTY OVERVIEW 58701 Troost Ave.| Kansas City, Missouri 4

FLOOR PLAN

PROPERTY OVERVIEW 6

34,737 square feet


* May not fully accurately reflect current building layout

FLOOR PLAN

PROPERTY OVERVIEW 7

23,916 square feet



FLOOR PLAN

PROPERTY OVERVIEW 8

24,254 square feet



PROPERTY OVERVIEW

PROPERTY OVERVIEW 98701 Troost Ave.| Kansas City, Missouri

AERIAL – CLOSE UP


LOCATION MAP


KANSAS CITYOVERVIEW

DISCOVERY BUSINESS CAMPUSDEMOGRAPHIC HIGHLIGHTS• 105,000+ college-aged students within an 8-mile radius• Populat ion within 10-mile radius – 995,616

(398,246 people with college degrees+)

• Populat ion within a 20-minute drive t ime – 1,435,146


KANSAS CITY MARKET OVERVIEW

MARKET OVERVIEW 13

Major Employers - Kansas Ci ty Met ropol i tan Stat ist ica l Area

Name Number of Employees1 Cerner Corp. 12,890

2 HCA Midwest Health System 9,924

3 The University of Kansas Hospital 9,469

4 Saint Luke's Health System 8,123

5 Ford Motor Co. 7,220

6 Children's Mercy Hospital & Clinics 6,969

7 Sprint Corp. 6,000

8 DST Systems Inc. 3,631

9 General Motors Corp. 3,400

10 Garmin International Inc. 3,329

11 Black & Veatch LLP 3,249

12 Home Depot 3,153

13 Truman Medical Center 3,126

14 Research Medical Center 2,876

15 United Parcel Service Inc. 2,852

16 Honeywell Inc. 2,800

17 Hallmark Cards Inc. 2,700

18 Burns & McDonnell 2,648

19 Olathe Health System Inc. 2,542

20 BNSF Railway Co. 2,500

Source(s):Kansas City Business Journal Book of Lists, 2016-2017; Kansas City Business Journal Book of Lists, 2017


• 105,000+ college-aged students within an 8-mile radius• Populat ion within 10-mile radius – 995,616





MARKET OVERVIEW 148701 Troost Ave.| Kansas City, Missouri

In 2012 the University of Kansas Cancer Center received the National

Cancer Institute (NCI) designation. This new NCI designation signifies

that KU’s academic cancer center has achieved the highest standards

provided in the country. There are only 27 NCI designated cancer

centers and 41 designated comprehensive cancer centers in the entire

country. NCI designation is expected to open doors to expanded

research funding as well as economic benefits and new jobs to the

metropolitan community.

The Kansas City community should also see a new level of excellence in

bioscience research which will allow the city to more fully leverage the

research investments made by both the University of Kansas and the

Stowers Institute for Medical Research. The University of Kansas

Hospital was already ranked among the country’s top academic centers

as noted in U.S. News & World Report for four years running, so the NCI

designation will be a great benefit to the community as a whole.

Kansas City Area Life Sciences Institute (KCALSI), together with major life

science participants including the Kansas Bioscience Authority, Kansas

City Animal Health Corridor, Midwest Research Institute, national bio

and agri-defense and the Stowers Institute for Medical Research,

continues to lead Kansas City forward in the life sciences sector. The Life

Sciences industry in Kansas City will have nearly $1 billion dollars in

research expenditures placed over the next 10 years, elevating Kansas

City to one of the top three areas in Kansas City remains the center of

the animal health corridor. Since its launch in 2006, this corridor has

created over 1,450 jobs and over $1.3 billion dollars in capital

investment. The corridor, which stretches from Manhattan, Kansas to

Columbia, Missouri, continues to be the focus of growth and accounts

for nearly 34% of all sales in the global animal health market which

totals nearly $21 billion. Currently over 212 life science companies are

located in the Kansas City Metro area including leaders Bayer Animal

Health, Boehringer Ingelheim Vet Medica in St. Joseph, Cereal Food

Processors, Inc., Merck Animal Health, Ceva Biomune, Pfizer Animal

Health, Nestle Purina Pet Care, Zupreem, Hills Pet Nutrition, Magna

Starter Biotech, Pet Screen, MWI Veterinary Supply, Argenta and the

United States.

B IORESEARCH, L IFE SCIENCES & ANIMAL HEALTH

• 105,000+ college-aged students within an 8-mile radius• Populat ion within 10-mile radius – 995,616






STOWERS INSTITUTE

Situated on the former campus of the Menorah Medical Center in Kansas City, Missouri, the 600,000-square-foot research facility wasthoughtfully designed to provide state-of-the-art laboratory space, equipment and technical support—but above all—to encouragecollaboration between scientists. In the year 2000, three years after breaking ground, the Stowers Institute opened its laboratory doorsto welcome the first generation of Stowers scientists. In 2009, the Institute added a 280,000-square-foot complex in South Kansas Cityto accommodate additional support functions and storage facilities.

Today, the institute houses 20 independent research programs and three technology development programs, including bioinformatics,

proteomics and imaging. Of the nearly 550 Institute members, 370 are scientific staff: principal investigators, technology centerdirectors, postdoctoral research associates and fellows, pre-doctoral research associates and technical support staff. As strong believersin endowment- based scientific research, the Stowers family endowed the institute with gifts totaling close to $2 billion. Their ultimate

goal was to free scientists from the pressures of securing their own funding and allowing them to solely focus their talent and energy onscientific research. In addition to thriving research programs and continued growth, the Stowers Institute launched a graduate trainingprogram in the fall of 2011.



Hospital Distance from 8701 Troost

St. Joseph Medical Center 2.67 miles

Overland Park Regional Medical Center 3.16 miles

Children’s Mercy South 4.97 miles

St. Luke’s Hospital 5.62 miles

Menorah Medical Center 5.74 miles

Shawnee Mission Medical Center 6.52 miles

US Veterans Medical Center 7.26 miles

Children’s Mercy 8.00 miles

St. Luke’s South Hospital 9.10 miles

Truman Medical Center 9.63 miles

AREA HOSPITALS

Jones Lang LaSalle Brokerage, Inc. 7500 College Blvd., Suite 920Overland Park, KS 66210

DISCLAIMER

This Brochure is provided for the sole purpose of allowing a potential investor to evaluate whether there is interest in proceeding with further discussionsregarding a possible purchase of or investment in the Kindred Medical Office Building (the “Property”).

The potential investor is urged to perform its own examination and inspection of the Property and information relating to same, and shall rely solely on suchexamination and investigation and not on this Brochure or any materials, statements or information contained herein or otherwise provided.

Neither Jones Lang LaSalle Brokerage, Inc. nor the Owner, nor any of their respective partners, directors, officers, employees, shareholders, manager and agents(collectively, “Agents”), make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this Brochure or theProperty or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy orcompleteness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respectthereto. Such materials, statements and information have in many circumstances been obtained from outside sources, and have not been tested or verified.Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given.

Without limiting the foregoing, in the event this Brochure contains information relating to asbestos or any other hazardous, toxic or dangerous chemical, item,waste or substance (“Hazardous Materials”) in relation to the Property, such information shall in no way be construed as creating any warranties orrepresentations, expressed or implied, by operation of law or otherwise, by Agents or the Owner, as to the existence or non-existence or nature of HazardousMaterials in, under, on or around the Property.

This Brochure is provided subject to errors, omissions, change of price or terms and other changes to the materials, statements and information contained hereinor relating to the Property, and is subject to withdrawal, all without notice. The contents hereof are confidential and are not to be reproduced or distributed to anyperson or entity without the prior written consent of Agents or used for any purpose other than initial evaluation as indicated above.

Please contact the following JLL representative with questions or request for a property tour:

Matt KiehneVice President (913) 469 [email protected]

mailto:[email protected]?subject=Kindred%20Troost

Documents

INVESTMENT OFFERING · Jones Lang LaSalle Brokerage, Inc. (“JLL”) is pleased to offer for sale the fee simple interest in 8701 Troost Avenue, Kansas City, Missouri (the “Property”)