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16151 FOSTER INDUSTRIAL FACILITY
Overland Park, Kansas
2600 Grand Boulevard, Suite 700Kansas City, Missouri 64108
816.842.2690 phone • 816.421.5659 faxwww.kessingerhunter.com
Offering Summary
Kessinger/Hunter & Company, LC has been retained as
exclusive advisor and agent to sell the industrial facility
located in Overland Park, Kansas. The offered property,
located at 16151 Foster Street, is subject to a new, seven (7)
year lease with Nation-Wide Repair Holding Companies, Inc.
This offering represents a unique opportunity for an investor
to obtain a high quality facility for well below replacement
cost with a long-term income stream from a quality local
business.
The property is being offered to qualified principals with an
asking price of $4,000,000 ($91.43 PSF).
Property Highlights
The offered property includes 5.59± acres of land containing a
43,750± square foot (SF) building with expansion capabilities
on the site. Built in 2003, this facility features a warehouse/
manufacturing area that encompasses a climate controlled
production area and 4,000± SF of office space.
Investment Highlights
◊ Opportunity to acquire a Class A industrial facility for
$4,000,000 ($91.43 PSF) - well below replacement cost
◊ Strategic location along US-69 in Overland Park
◊ Brand new, seven (7) year lease with original tenant
◊ Site can accommodate up to a 21,000± SF addition
Location Overview
The offered property is located in Overland Park, Kansas, the heart of South Johnson County’s industrial market at the
southeast corner of W. 159th Street and US-69. Overland Park, Kansas is a nationally recognized community and was
officially incorporated on May 20, 1960. Since that time, it has grown from approximately 28,085 residents to become
the second largest city in Kansas with a population of over 188,966, its own identity, image, and a reputation as one
of the nation’s most dynamic corporate centers. it is home to more than 7,000 companies, and the headquarters for
major employers such as Sprint, Burns & McDonnell, Black & Veatch, Bushnell Outdoor, and Midland Loan Services
(PNC).
FOR MORE INFORMATION, PLEASE CONTACT:Matthew Severns, SIOR, CCIMIndustrial [email protected]
Kevin CurtinInvestment [email protected]
Pat McGannon, SIORDirector of Industrial [email protected]
16151 Foster Street
Information subject to verification and no liability for errors or omissions is assumed. Price subject to change. Revised 11/28/18.
TenantProperty Features
N
Lessee: Nation-Wide Repair Service
Commencement: 1/1/19
Expiration: 12/31/25
Lease Type: NN
Starting Rent: $26,000/Month
Annual Rent: $312,000 ($7.13 PSF)
Increases: 1.5% annual increases
Lease
Site Plan
ExistingBuilding
Site Area: 5.59± acres Building Area: 43,750± SF, expandable to
64,750± SFAge: 2003Clear Height: 26’ feet (variable)Parking: 66± stallsConstruction: Concrete tiltRoofing: Fully-adhered 60 mil EPDM Installed 2003
Dock Doors: 3 dock doors Overhead Doors: 1 overhead doorElectrical Service: 3-phase 277/480VColumn Spacing: 50’ x 48’Fire Protection: Wet ESFRSpecial Feature: 22,000± SF of drop ceiling
production spaceZoning: BP (Business Park District)
EXISTINGBUILDING
FUTURE
NWRS has been in the repair business since 1985 and
provides top-notch technical support and first-class
customer service. NWRS became a Canon Authorized
Part Repair Facility in 1988 which continues to be their
main product line. Other product full lines supported are
Ricoh and Ricoh Family (Savin, Lanier, Gestetner) copy
machines. NWRS’s repair services have also expanded
to include select Konica, Kyocera-Mita, Oce and HP
products.
Purchase Price: $4,000,000 (91.43 PSF)
Year 1 NOI: $312,000 ($7.13 PSF)
Year 1 Cap Rate: 7.8%
Year 7 Cap Rate: 8.5%
Financial
TenantProperty Features
N
Lessee: Nation-Wide Repair Service
Commencement: 1/1/19
Expiration: 12/31/25
Lease Type: NN
Starting Rent: $26,000/Month
Annual Rent: $312,000 ($7.13 PSF)
Increases: 1.5% annual increases
Lease
Site Plan
ExistingBuilding
Site Area: 5.59± acres Building Area: 43,750± SF, expandable to
64,750± SFAge: 2003Clear Height: 26’ feet (variable)Parking: 66± stallsConstruction: Concrete tiltRoofing: Fully-adhered 60 mil EPDM Installed 2003
Dock Doors: 3 dock doors Overhead Doors: 1 overhead doorElectrical Service: 3-phase 277/480VColumn Spacing: 50’ x 48’Fire Protection: Wet ESFRSpecial Feature: 22,000± SF of drop ceiling
production space
EXISTINGBUILDING
FUTURE
NWRS has been in the repair business since 1985 and
provides top-notch technical support and first-class
customer service. NWRS became a Canon Authorized
Part Repair Facility in 1988 which continues to be their
main product line. Other product full lines supported are
Ricoh and Ricoh Family (Savin, Lanier, Gestetner) copy
machines. NWRS’s repair services have also expanded
to include select Konica, Kyocera-Mita, Oce and HP
products.
Purchase Price: $4,000,000 (91.43 PSF)
Year 1 NOI: $312,000 ($7.13 PSF)
Year 1 Cap Rate: 7.8%
Year 7 Cap Rate: 8.5%
Financial
16151 FOSTER INDUSTRIAL FACILITY
Overland Park, Kansas
2600 Grand Boulevard, Suite 700Kansas City, Missouri 64108
816.842.2690 phone • 816.421.5659 faxwww.kessingerhunter.com
Offering Summary
Kessinger/Hunter & Company, LC has been retained as
exclusive advisor and agent to sell the industrial facility
located in Overland Park, Kansas. The offered property,
located at 16151 Foster Street, is subject to a new, seven (7)
year lease with Nation-Wide Repair Holding Companies, Inc.
This offering represents a unique opportunity for an investor
to obtain a high quality facility for well below replacement
cost with a long-term income stream from a quality local
business.
The property is being offered to qualified principals with
an asking price of $4,000,000 ($91.43 PSF). Co-brokerage
involvement is welcome and will be facilitated under
separate agreement.
Property Highlights
The offered property includes 5.59± acres of land containing
a 43,7502± square foot (SF) building with expansion
capabilities on the site. Built in 2003, this facility features a
warehouse/manufacturing area that encompasses a climate
controlled production area and 4,000± SF of office space.
Investment Highlights
◊ Opportunity to acquire a Class A industrial facility for
$4,000,000 ($91.43 PSF) - well below replacement cost
◊ Strategic location along US-69 in Overland Park
◊ Brand new, seven (7) year lease with original tenant
◊ Site can accommodate up to a 21,000 SF addition
Location Overview
The offered property is located in Overland Park, Kansas, the heart of South Johnson County’s industrial market at the
southeast corner of W. 159th Street and US-69. Overland Park, Kansas is a nationally recognized community and was
officially incorporated on May 20, 1960. Since that time, it has grown from approximately 28,085 residents to become
the second largest city in Kansas with a population of over 188,966, its own identity, image, and a reputation as one
of the nation’s most dynamic corporate centers. it is home to more than 7,000 companies, and the headquarters for
major employers such as Sprint, Burns & McDonnell, Black & Veatch, Bushnell Outdoor, and Midland Loan Services
(PNC).
FOR MORE INFORMATION, PLEASE CONTACT:Matthew Severns, SIOR, CCIMIndustrial [email protected]
Kevin CurtinInvestment [email protected]
Pat McGannon, SIORDirector of Industrial [email protected]
16151 Foster Street
