2020 89Th StLeawood, KS 66206

Property Details for 2020 89Th St

Year built

1991

Construction

CONCRETE

Lot size

7.12 AC

Property size (Sq ft)

86,955 SF

Zone code

CP2

Property type

Office properties

APN

HP23500000 0001

APU

HP235000000001

Description

This exceptional 68,333+/- square foot office building, constructed in 1991, presents a compelling owner-user opportunity in the desirable Leawood, Kansas market. Situated on a 7.1-acre lot, this three-story building offers convenient access to Highway 435 via State Line Road, just two miles away. The property boasts a prime location within walking distance of the Ward Parkway Shopping Center and numerous restaurants, providing employees with a wealth of amenities. Currently, the building has 41% occupancy. Available space includes approximately 33,000 square feet on the second floor and 7,414 square feet on the third floor. The building is professionally managed by a third party, and the ownership group is well-capitalized, ensuring a stable and reliable investment. The property features ample parking, providing 5 spaces per 1,000 square feet, with additional covered parking also available. The building is zoned SD-0; Planned Office. The asking price is $24.50 per square foot, full-service. This presents a rare opportunity to acquire a well-located, substantial office building in a thriving Kansas City suburb.

• CAP approach

  CAP return

  Valuation

  6%

  $16,299,537

  6.5%

  $15,045,727

  7%

  $13,971,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,219,891

  Geo Method

  $6,219,891

• Alternative Use

  Use

  Valuation

  Residential

  $18,656,702

  Hospitality

  $17,089,438

  Educational

  $14,218,212

  Medical

  $14,707,198

  Retail

  $22,117,218

Location Insight

City

Leawood

County

Johnson

State

Kansas

Latitude

38.9689

Longitude

-94.6104

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].