4545 Emanuel Cleaver II Boulevard, Kansas City, MO 64130
Property Type: Multi Tenant
Cap Rate: 4.11% cap
Square Feet: 33,415 sqft
Lot Size: 1.2 acres
Price Per Square Foot: $41.90
Year Built: 1970
Below-Market Rent With Long-Term Tenant
Great Location Being Two Miles from State Road 71 and Two Miles from I-70
Very Strong Submarket with a 1% Vacancy Rate, and Rental Growth of 3.3% Y-o-Y
Value-Add by Bringing Current Tenant Up to Market Rent and Leasing Remaining Space
No New Industrial or Flex Buildings are Under Construction in this Submarket
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4545 Emanuel Cleaver II Boulevard in Kansas City, Missouri. The subject property consists of approximately 33,415 square feet of space and is situated on 1.2 acres of land. The asset features a roof that was replaced 15 years ago per the seller. The property is partially leased to a long-time tenant with below-market rent. This provides the new owner a value-add opportunity by bringing the current tenant up to market rent and leasing the remaining space.
Whether you’re looking to buy, sell, hold, refinance industrial property; or simply gain industrial market insight TAG INDUSTRIAL. Our goal is to set up a strategic partnership where we’ll help you bridge your objectives of today; with your goals of the future.