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Buildings 1 & 2 450 N Iowa St 11,000 SF 100% Leased Industrial Building Lawrence, KS 66044 $989,000 ($89.91/SF) 10% Cap Rate
Investment Highlights
- Year built: 2000 with updates in 2014, 2019, and 2023
- Parking: 40 shard stalls
- Total Site Area: 1.16 acres
Executive Summary
Year built: 2000 with updates in 2014, 2019, and 2023
Total SF: 11,000 SF
Building 1: Office containing approximately 5,400 SF
Building 2: Warehouse containing approximately 5,600 SF, plus large mezzanine
Available for Lease: Bldg 1 - Suite A: 1,350 SF; $2,150/month, plus pro rata CAM and utilities
Available for Lease: Bldg 1 - Suite B: 4,050 SF, $4,500/month, plus pro rata CAM and utilities
Building 2: 5,600 SF plus large mezzanine; Suite A leased 9/15/2017-12/31/2026 ; Suite B leased 4/01/2025-3/31/2027
Total Site Area: 1.16 acres
Parking: 40 shared stalls
Occupancy: Building 1: vacant; Building 2: 100% occupied
Construction: Metal on steel frame
Zoning: PD
Highway Access: 1/4 mile to I-70
Travel Time: 20 minutes to Topeka; 30 minutes to Kansas City
Sale price: $989,000
Total SF: 11,000 SF
Building 1: Office containing approximately 5,400 SF
Building 2: Warehouse containing approximately 5,600 SF, plus large mezzanine
Available for Lease: Bldg 1 - Suite A: 1,350 SF; $2,150/month, plus pro rata CAM and utilities
Available for Lease: Bldg 1 - Suite B: 4,050 SF, $4,500/month, plus pro rata CAM and utilities
Building 2: 5,600 SF plus large mezzanine; Suite A leased 9/15/2017-12/31/2026 ; Suite B leased 4/01/2025-3/31/2027
Total Site Area: 1.16 acres
Parking: 40 shared stalls
Occupancy: Building 1: vacant; Building 2: 100% occupied
Construction: Metal on steel frame
Zoning: PD
Highway Access: 1/4 mile to I-70
Travel Time: 20 minutes to Topeka; 30 minutes to Kansas City
Sale price: $989,000
Property Facts
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 023-066-24-0-30-01-008.00-0 | Improvements Assessment | $197,348 |
| Land Assessment | $32,603 | Total Assessment | $229,951 |
Property Taxes
Parcel Number
023-066-24-0-30-01-008.00-0
Land Assessment
$32,603
Improvements Assessment
$197,348
Total Assessment
$229,951
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Buildings 1 & 2 | 450 N Iowa St
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