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6700 Antioch Rd Merriam, KS 66204

Class A Office, 87,521 SF, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional Class A office building, situated on a 4.13-acre lot in Merriam, Kansas, presents a compelling investment opportunity. The 87,521-square-foot, four-story building, constructed in 1988, boasts a 68% occupancy rate with fifteen tenants. A significant 28,434 square feet of immediately available space offers substantial value-add potential for increased rental income. Below-market rental rates and staggered lease expirations contribute to this opportunity. The property features a dramatic two-story atrium lobby, a new roof with a 20-year transferable warranty (installed in 2021), and a new chiller/cooling tower (installed in 2022). Its prime location at 6700 Antioch Road provides exceptional access to major highways (I-35, I-635, KS-69, and KS-169), and is conveniently close to several country clubs, downtown areas, and shopping centers. Furthermore, its proximity to four airports within a 30-minute radius enhances its appeal. The property is zoned PUG and benefits from strong submarket demographics, including above-average population growth and excellent school districts. This presents an ideal opportunity for an owner-user to occupy a portion of the building while generating income from existing tenants. The building's recent leasing activity and the vacant spaces contribute to a promising future for this asset.

Highlights

  • Strong submarket demographics featuring above-average population growth and highly-rated schools.
  • Modern two-story atrium lobby, new roof (20-year transferable warranty, 2021), and new chiller/cooling tower (2022).
  • Owner-user opportunity: occupy space while generating rental income from existing tenants.
  • Positive leasing momentum with staggered lease expirations.
  • Significant upside potential from vacant space lease-up.

Property Details for 6700 Antioch Rd

Property type
Office properties
Class
A
Year Built
1988
Buildings
1
Stories
4
Lot Size (sq. ft)
179,903 SF

Location Insight

City
Merriam
County
Johnson
State
Kansas
Latitude
39.006894871554
Longitude
-94.687201544889
6700 Antioch Rd, Merriam, Kansas

FAQs

What type of property is this?
Office property - Class A Office, 87,521 SF, High Occupancy
Where is the office property located?
The property is located at 6700 Antioch Rd Merriam, KS.
What are key features of this property?
This property features: Strong submarket demographics featuring above-average population growth and highly-rated schools.; Modern two-story atrium lobby, new roof (20-year transferable warranty, 2021), and new chiller/cooling tower (2022).; Owner-user opportunity: occupy space while generating rental income from existing tenants.
How can I contact the broker?
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6700 Antioch Rd
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