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Southcreek Corporate Center I 12980 Foster St 119,143 SF 39% Leased Office Building Online Auction Sale Overland Park, KS 66213
Investment Highlights
- 39% Leased Class A Value-Add Opportunity | Southcreek provides investors a compelling value-add opportunity by leasing the existing vacancy.
- Recent Capital Investment | Recent investment of enhanced lobby and new outdoor patio, plus roof replacement completed in 2023 (20-year warranty).
- Direct Access to Retail & Entertainment | Strategically positioned within coveted Johnson County with nearby retail acting as a building amenity.
- Superior Asset Quality | The superior asset quality elevates the project above its peer group and enhances the marketing appeal to new tenants.
- Advantageous Basis vs. Replacement Cost | Current occupancy enables investors to acquire the Class A asset at a basis 70% below replacement cost.
- South Johnson County Location and Demographics | Direct access to some of Kansas City’s top economic drivers, including housing and public schools.
Executive Summary
Developed by Opus in 2000 and currently 39% leased, Southcreek Corporate Center I (“Southcreek”) provides investors with:
• Superior asset quality
• Attractive value-add opportunity with multiple pathways for success, including leasing existing vacancy and selling the project to an owner/user
• Diversified rent roll with no single tenant at more than 13% of the overall project
• Advantageous basis that is over 70% below replacement cost
• Efficient 31,000-square-foot floor plans which can be easily demised
• Coveted South Johnson County location and exposure to superior College Boulevard/South Johnson County submarket fundamentals
• Institutional ownership
• Recent capex investment reducing future capital spend, enabling investors to focus on offensive investment to lease current vacancy
• Phenomenal access to 2.5 million square feet of high-end retail and entertainment opportunities.
Johnson County is the most populous, prosperous, and highest educated county in the state of Kansas. Proximity to executive housing, high-end restaurants, and retail amenities positions Southcreek at the epicenter of regional economic activity.
The combination of the factors above elevates Southcreek Corporate Center I above its peer group and makes the project a highly desirable acquisition opportunity.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
Timely design and construction service provided Building conference room available Highway access to building at 135th Street and 69 Highway 4.5:1,000 parking AT&T Fiber optic and copper is in the building for phone and internet only.
Timely design and construction service provided Building conference room available Highway access to building at 135th Street and 69 Highway 4.5:1,000 parking AT&T Fiber optic and copper is in the building for phone and internet only.
7,355 RSF available 3/1/2023 featuring a mostly open plan with the ability to add more offices if need be. Office is located right off the building entrance / lobby.
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
- 3rd Fl-Ste 300
- 8,535 SF
- Office
- Full Build-Out
- Now
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
- 3rd Fl-Ste 380
- 7,849 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 130 | 3,553 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 150 | 1,178 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 175 | 3,523 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 180 | 4,615 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 190 | 7,355 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 15,930 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 210 | 4,260 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 220 | 3,541 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 8,535 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 350/355 | 8,335 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 360/365 | 2,265 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 380 | 7,849 SF | Office | Full Build-Out | 30 Days |
| 4th Fl-Ste 450 | 1,692 SF | Office | Full Build-Out | Now |
1st Fl-Ste 130
| Size |
| 3,553 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 150
| Size |
| 1,178 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 175
| Size |
| 3,523 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 180
| Size |
| 4,615 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 190
| Size |
| 7,355 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 15,930 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 210
| Size |
| 4,260 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size |
| 3,541 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 8,535 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 350/355
| Size |
| 8,335 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 360/365
| Size |
| 2,265 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 380
| Size |
| 7,849 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
4th Fl-Ste 450
| Size |
| 1,692 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 130
| Size | 3,553 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
1st Fl-Ste 150
| Size | 1,178 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
1st Fl-Ste 175
| Size | 3,523 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Timely design and construction service provided Building conference room available Highway access to building at 135th Street and 69 Highway 4.5:1,000 parking AT&T Fiber optic and copper is in the building for phone and internet only.
1st Fl-Ste 180
| Size | 4,615 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Timely design and construction service provided Building conference room available Highway access to building at 135th Street and 69 Highway 4.5:1,000 parking AT&T Fiber optic and copper is in the building for phone and internet only.
1st Fl-Ste 190
| Size | 7,355 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
7,355 RSF available 3/1/2023 featuring a mostly open plan with the ability to add more offices if need be. Office is located right off the building entrance / lobby.
2nd Fl-Ste 200
| Size | 15,930 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
2nd Fl-Ste 210
| Size | 4,260 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
2nd Fl-Ste 220
| Size | 3,541 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
3rd Fl-Ste 350/355
| Size | 8,335 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
3rd Fl-Ste 360/365
| Size | 2,265 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Recent building upgrades include refreshed common areas and new soft seating in the lobby, as well as a new outdoor patio with Wi-Fi connectivity
4th Fl-Ste 450
| Size | 1,692 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Demographics
Demographics
Sale Advisors
Sale Advisors
Avery Ticer, Executive Director
Avery earned his Juris Doctor (“JD”) from William Mitchell College of Law and earned his Chartered Financial Analyst (“CFA”) charter from the CFA Institute. Avery graduated from the University of Minnesota where he was the first ever three-year Captain of the Men’s Tennis Team.
Adam Hoffman, Director
Prior to joining Cushman & Wakefield, Adam worked in the debt and equity advisory group at JLL in Minneapolis where he gained valuable experience financing assets across multiple asset classes including industrial, office, life sciences, and multifamily housing. Prior to JLL, he worked at MarketAxess, a leading global fixed income electronic trading platform, in municipal bond sales
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Southcreek Corporate Center I | 12980 Foster St
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