This Office Property is Off-Market.

502 Westchester Avenue
Harrisonville, MO 64701 ·

9,800 SF · Office For Sale

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Westchester Plaza Office Building

Price N/A Cap Rate 3.54%
Building Size 9,800 SF No. Stories 1
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 2008
Property Use Type Investment Lot Size 45,738 SF
Distressed Yes APN / Parcel ID 133151400000032000
Commission Split 3% Parking Ratio 4.70 / 1,000 SF
Listing ID: 18330291 Date Created: 08/27/2013 Last Updated: 01/07/2014

Description

The Property is a 9,800 SF multi-tenant office building located near the SE Corner of the Interstate 49/Missouri Route 2 interchange in Harrisonville, Mo. The building is constructed of tilt up concrete and other high quality features.. Currently the office building is 45% occupied so tremendous upside potential exists for the savvy investor. The State Public Defender's office is the primary tenant in the complex. Currently just under 3,000 SF of contiguous space exists but it is possible to achieve additional contiguous space under the right circumstances. The property is not technically in default; however, it is considered "in distress" and the asking price of $1,100,000 is subject to lender approval. Although the owner has reason to believe the lender would approve such a short sale, it cannot be guaranteed.

The location is near the heavily travled interchange of Interstae 49 and Missouri Route 2. This outstanding location provides excellent visibility from newly designated Interstate 49 (US 71 Highway). The building is near the Cass County Justice Center and a short distance from Harrisonville's most frequented retail node at Route 2 and Commercial St. This area hosts such national tenants as Burger King, CVS, Pizza Hut, Walgreen's, Jimmy John's and others. Regional tenants in the area include Family Video, Price Chopper grocery, Pride Cleaners, and Hawthorn Bank. Via I-49/IUS 71, the subject is just a short drive to Kansas City.

Highlights

  • Outstanding Investment Property
  • Excellent Tilt Up Concrete Construction
  • Tremendous Upside
  • Superior Location Adjacent to Interstate 49
  • Close Proximity to National and Regional Brands
  • Outstanding Investment for Owner/User/Investor

Research

502 Westchester Avenue, Harrisonville, MO 64701 (Cass County)

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