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.

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
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  • Listing ID: 25402674

  • Date on Market: 4/5/2022

  • Last Updated:

  • Address: Santa Fe Commons, Olathe, KS