Santa Fe Commons 6 Properties Offered at $6,450,000 in Olathe, KS
EXECUTIVE SUMMARY
Great Plans Real Estate Developments, LLC (“Ownership”) is the fee simple owner of the Santa Fe Commons development, in its entirety. The entire project is being marketed and offered for sale as a single transaction, with wholesale pricing for the remaining development lots for an investor.
Total Price - $6.45M
Four (4) existing buildings = 45,630 rentable square feet
Asking price of $5,910,000 ($129.52 PSF)
CAP rate of 8.61% on the current NOI $508,757
Two development lots zoned for a combined 22,920 SF of
building area at a reduced wholesale price of $540,000, which is
discounted from the current combined listed price of $796,250.
With a combined price for all four (4) buildings of 45,630 RSF and
two development lots of 91,500 SF (2.10 acres) for a reduced
price of $6,450,000, this is a rare, value add opportunity that is
drastically below replacement costs in a premier location within
the KC Metropolitan Area.
Total Price - $6.45M
Four (4) existing buildings = 45,630 rentable square feet
Asking price of $5,910,000 ($129.52 PSF)
CAP rate of 8.61% on the current NOI $508,757
Two development lots zoned for a combined 22,920 SF of
building area at a reduced wholesale price of $540,000, which is
discounted from the current combined listed price of $796,250.
With a combined price for all four (4) buildings of 45,630 RSF and
two development lots of 91,500 SF (2.10 acres) for a reduced
price of $6,450,000, this is a rare, value add opportunity that is
drastically below replacement costs in a premier location within
the KC Metropolitan Area.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $6,450,000 |
| Price / SF | $127.66 / SF |
| Cap Rate | 7.89% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 2 |
| Total Building Size | 50,524 SF |
| Total Land Area | 7.24 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building 1
13551 S Mur-Len Rd, Olathe, KS 66062 |
Retail | 21,068 SF | 2006 | - |
|
Building 4
13621 S Mur Len Rd, Olathe, KS 66062 |
Office | 9,656 SF | 2006 | - |
|
Building 5
13641 S Mur-Len Rd, Olathe, KS 66062 |
Office | 10,000 SF | 2006 | - |
|
Building 6
13661 S Mur-Len Rd, Olathe, KS 66062 |
Office | 9,800 SF | 2006 | - |
|
Lot 2
13681 S Mur-Len Rd, Olathe, KS 66062 |
Land | 1.01 AC | - | $350,000 |
|
Lot 3
13585 S Mur Len Rd, Olathe, KS 66062 |
Land | 1.09 AC | - | $325,000 |
