16011 College Blvd
Lenexa, KS 66219
Auction:7/24 - 7/26: 16011 College (Office) · Office Property For Sale

Property tours are available by appointment. Please contact the listing broker to schedule a tour. Investment Highlights: * 83% occupied with strong roster of tenants with a market leading 6-year weighted average lease term * Located within the Southlake Technology Park with frontage and signage along College Boulevard * Former Informix/IBM corporate facility with generator capacity to back up 100% of system load Investment Overview: Lenexa Real Estate Portfolio Partners, LLC are pleased to present the 100% fee simple interest in the 16011 College Boulevard Building, an 88,988 square foot, two story office building. The property features excellent visibility and signage with College Boulevard address. High quality finishes include a dramatic two-story lobby with expansive skylight. The building was a former Informix/IBM corporate facility, offers generator capacity to back up 100% of system load and an above average parking ratio of 4.4 spaces per 1,000 RSF. 16011 is leased to a strong roster of tenants with a market leading 6-year weighted average lease term. The largest tenant, the Childrens Hospital Association ("CHA") leases 35,000 sf (just under 40% of the property) on a long-term lease through 2026. Other high profile tenants include ADP, Inc., IBM, Power Engineers, Inc and ProAg Management. The property is ideally positioned to continue to attract new tenants and retain its existing rent roll. The property is located within the Southlake Technology Park with frontage and signage on the prestigious College Boulevard in the highly sought after South Johnson County Kansas submarket. Southlake Technology Park, a carefully planned 300-acre office and technology park, is located in the affluent Kansas City suburb of Lenexa, Kansas. The park is bordered by College Boulevard to the North, Renner Boulevard to the West, 113th Street to the South and enjoys tremendous visibility from I-35 which borders the park to the east. The entire park is situated just south of the newly expanded and improved convergence of I-35 and I-435 providing excellent access to 16011 College Boulevard. Historically, Southlake Technology Park has attracted a strong and diverse roster of tenants including: Sprint, IBM, Tradewind Energy, Axelacare, Kansas