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1129 Merriam Ln
Kansas City, KS 66103
Rhodes Chemical · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Lease term: Five (5) years; Tenant has two Five (5) Year options to renew
- Lease type: NNN; Landlord responsibilities: Structural repairs/replacement; and parking lot replacement
EXECUTIVE SUMMARY
10,800 SF
Located in Wyandotte County, Kansas
Great interstate access to I-35, I-635, and Hwy 69
5.05-acre parcel
100% leased to Forshaw, Inc.
Lease term: Five (5) years; Tenant has two Five (5) Year options to renew
Lease type: NNN; Landlord responsibilities: Structural repairs/replacement; and parking lot replacement
Current NOI: $72,683.40
Annual rent escalations tied to CPI
Sale price: $830,000.00; Year 1 cap rate: 8.75%
Located in Wyandotte County, Kansas
Great interstate access to I-35, I-635, and Hwy 69
5.05-acre parcel
100% leased to Forshaw, Inc.
Lease term: Five (5) years; Tenant has two Five (5) Year options to renew
Lease type: NNN; Landlord responsibilities: Structural repairs/replacement; and parking lot replacement
Current NOI: $72,683.40
Annual rent escalations tied to CPI
Sale price: $830,000.00; Year 1 cap rate: 8.75%
PROPERTY FACTS
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 8.75% | Year Built/Renovated | 1920/1973 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.93/1,000 SF |
| Building Class | C | Clear Ceiling Height | 18’ |
| Lot Size | 5.05 AC | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 10,800 SF | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-3 - Heavy Industrial | ||
| Sale Type | Investment NNN |
| Cap Rate | 8.75% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 5.05 AC |
| Rentable Building Area | 10,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1920/1973 |
| Tenancy | Single |
| Parking Ratio | 0.93/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-3 - Heavy Industrial |
AMENITIES
- Fenced Lot
- Signage
PROPERTY TAXES
| Parcel Number | 139205 | Improvements Assessment | $113,610 |
| Land Assessment | $30,540 | Total Assessment | $144,150 |
PROPERTY TAXES
Parcel Number
139205
Land Assessment
$30,540
Improvements Assessment
$113,610
Total Assessment
$144,150
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