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100 Center St 126,392 SF 83% Leased Industrial Building Galesburg, KS 66740 $1,995,000 ($15.78/SF) 14.60% Cap Rate
Investment Highlights
- Currently Available as a Leased Investment - Future Owner-User Opportunity
- Strategically Located Near Johnson Controls’ Facility in Parsons, KS
- Building Features Nine Overhead Doors and Three Dock Doors
- 3-Tenant Industrial Building Anchored by a Fortune 100 Tenant, Johnson Controls
- 126,392 SF Building Positioned on 13.5-acre Site
Executive Summary
Currently available as a leased investment - Future owner-user opportunity.*
3-tenant industrial building in Galesburg, KS. Current tenants include Johnson Controls (a Fortune 100 tenant), TP&L, and MasTec (leasing only a portion of the lot). The ±126,393 SF building is situated on a 13.50-acre site and features 9 overhead doors, 4 grade doors, 24'-29’ clear height, steel-framed construction on a concrete slab with metal siding and roof, and fluorescent lighting. Strategically located near Johnson Controls’ facility in Parsons.
*Owner-User Opportunity -- Johnson Controls lease expires 8/31/26 and includes no further options. Occupy 75,000 SF and earn income from additional co-tenants.
Investment highlights include a Fortune 100 tenant in a proven industrial submarket offering exceptional stability and value. Strong in-place rents and significant long-term land value support this low-management, passive investment serving the thriving logistics and manufacturing sectors. Priced below replacement cost with a motivated seller, this represents a rare opportunity to acquire a stabilized, cash-flowing asset in today's competitive market.
3-tenant industrial building in Galesburg, KS. Current tenants include Johnson Controls (a Fortune 100 tenant), TP&L, and MasTec (leasing only a portion of the lot). The ±126,393 SF building is situated on a 13.50-acre site and features 9 overhead doors, 4 grade doors, 24'-29’ clear height, steel-framed construction on a concrete slab with metal siding and roof, and fluorescent lighting. Strategically located near Johnson Controls’ facility in Parsons.
*Owner-User Opportunity -- Johnson Controls lease expires 8/31/26 and includes no further options. Occupy 75,000 SF and earn income from additional co-tenants.
Investment highlights include a Fortune 100 tenant in a proven industrial submarket offering exceptional stability and value. Strong in-place rents and significant long-term land value support this low-management, passive investment serving the thriving logistics and manufacturing sectors. Priced below replacement cost with a motivated seller, this represents a rare opportunity to acquire a stabilized, cash-flowing asset in today's competitive market.
Property Facts
| Price | $1,995,000 | Lot Size | 13.50 AC |
| Price Per SF | $15.78 | Rentable Building Area | 126,392 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 14.60% | Year Built | 1972 |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 6 |
| Building Class | C | No. Drive In / Grade-Level Doors | 9 |
| Zoning | Commerical | ||
| Price | $1,995,000 |
| Price Per SF | $15.78 |
| Sale Type | Investment |
| Cap Rate | 14.60% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 13.50 AC |
| Rentable Building Area | 126,392 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 9 |
| Zoning | Commerical |
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 183-05-0-00-02-005.00-0 | Improvements Assessment | $337,555 |
| Land Assessment | $9,063 | Total Assessment | $346,618 |
Property Taxes
Parcel Number
183-05-0-00-02-005.00-0
Land Assessment
$9,063
Improvements Assessment
$337,555
Total Assessment
$346,618
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