5001 College Blvd
Leawood, KS 66211
Opening Bid $500,000 · Office Property For Sale

INVESTMENT OVERVIEW This attractive office property formerly Forsa Technologies features a 23,602 SF +/- freestanding, two-story, multi-tenant office building on a 1.74 +-/ acre site with 100 +/- surface parking spaces and is located in one of the country’s best real estate investment markets, Johnson County, Kansas. The property is situated in an exceptional location on a major commercial corridor with excellent visibility, close proximity to top-rated retail, restaurants, entertainment, schools, etc. and offers easy access to I-435, I-35, and US-69 highways. Significant upside can be achieved through upgrades, vacancy absorption, and stabilization. Don’t miss this unique opportunity to Bid Your Price! This outstanding investment is only available through the auction date. Online bidding opens at $500,000 and ends Monday, December 30, 2019 at 12:30 p.m. INVESTMENT HIGHLIGHTS • 23,602 SF +/- Freestanding Two-Story Office Building in Prime Leawood, KS Location • Situated on 1.74 +/- Acre Site with 100 +/- Surface Parking Spaces • Exceptional Location on Major Commercial Corridor with Excellent Visibility & Highway Access • Close Proximity to Top-Rated Retail, Restaurants, Entertainment, Schools • Significant Value Enhancement through Upgrades, Vacancy Absorption & Stabilization. • Located in One of the Best Real Estate Investment Markets in the Country, Johnson County, KS • Attractive Owner/User or Investment Opportunity. 1031 Exchanges Welcome! • Opening Bid $500,000! Auction Ends: December 30, 2019 at 12:30 pm OCCUPANCY Tenant 1 is leasing 1771 sq. ft. @ $19.75/sq. ft. on a 3-month auto-renewable lease through 12/31/19. The lease has a 30-day out and has been in place since 2012. Tenant 2 is leasing 1021 sq. ft. @ $4.70/sq. ft. on a 5-year lease through 10/31/22. This lease was in effect when our seller purchased the building and our seller is currently working to find a satisfactory resolution to modification of the terms. Lease documents available upon request. FAST FACTS Building Type: Freestanding Office Building Class: B Gross Building Area: 23,602 SF +/- Net Rentable Area: 19,041 SF +/- Site Area: 1.74 Acres +/- (75,595 SF) Year Built: 1980 Zoning: SD-O, Planned Office District Construction: Frame Foundation: Reinforced Concrete Exterior: Masonry/Stone Roof: Built-up Composition HVAC: Roof-mounted units Sprinkler: Wet Signage: Lighted Monument Parking: 100 asphalt surface spaces +/- Parcel ID: 046-075-16-0-20-24-001.00-0 2018 RE Taxes: $41,707.45