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2020 W 89th St
Leawood, KS 66206
20/20 Bldg · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent highway access – 435 via State Line 2 miles
- Professionally third party managed with well capitalized ownership
- Within walking distance to the Ward Parkway Shopping Center & Restaurants
EXECUTIVE SUMMARY
2020 W. 89th Street (the “Property”) is a 68,336-square-foot office building located along State Line Road in Leawood, Kansas. The Property is currently 40% occupied and is a rare owner/user opportunity with four additional tenants that provide cash flow to cover the building operating expenses.
The Property is strategically located along the west side of State Line Road and is one of the few office buildings located on the Kansas side of the Ward Parkway office submarket, allowing employers to avoid the 1% earnings tax that is applicable on the Missouri side of State Line Road.
There are two vacant suites in the building, one of which is a full floor space on the second floor that could be occupied by a single user or could be demised into multiple office suites. The other available suite is a 7,414 square foot space on the third floor.
The Property features a highly sought after 38-space covered parking garage on the ground level, a rare feature for office buildings in the Ward Parkway submarket.
The Property is strategically located along the west side of State Line Road and is one of the few office buildings located on the Kansas side of the Ward Parkway office submarket, allowing employers to avoid the 1% earnings tax that is applicable on the Missouri side of State Line Road.
There are two vacant suites in the building, one of which is a full floor space on the second floor that could be occupied by a single user or could be demised into multiple office suites. The other available suite is a 7,414 square foot space on the third floor.
The Property features a highly sought after 38-space covered parking garage on the ground level, a rare feature for office buildings in the Ward Parkway submarket.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
68,333 SF
Building Class
B
Year Built
1991
Price
$11,358,435 CAD
Price Per SF
$166.22 CAD
Percent Leased
40%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
22,778 SF
Slab To Slab
11’
Building FAR
0.22
Lot Size
7.11 AC
Zoning
SD-O - Planned Office
Parking
225 Spaces (3.29 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | HP23500000-0001 | Improvements Assessment | $1,933,207 CAD |
| Land Assessment | $540,558 CAD | Total Assessment | $2,473,765 CAD |
PROPERTY TAXES
Parcel Number
HP23500000-0001
Land Assessment
$540,558 CAD
Improvements Assessment
$1,933,207 CAD
Total Assessment
$2,473,765 CAD
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