8500 College Blvd. | Overland Park, KS 66210 ... 8500 College Blvd. | Overland Park, KS 66210...

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Transcript of 8500 College Blvd. | Overland Park, KS 66210 ... 8500 College Blvd. | Overland Park, KS 66210...

  • The information contained in this marketing flyer is presented as general information only. Block Real Estate Services, LLC makes no representation as to its accuracy. This information is not intended as legal, financial or real estate advice and must not be relied upon as such. You should make your own inquiries, obtain independent inspections, and seek professional advice tailored to your specific circumstances before making any legal, financial or real estate decisions.

    For Sale 8500 College Blvd. | Overland Park, KS 66210

  • [email protected] | 913.488.8669 (c)Cassidy A. Mears - Vice President, Office Specialist

    With average asking office rents across the country up nearly 20% over the past five years, many occupiers are seeking alternatives to leasing space.

    One option to circumvent paying high rents is for a business to invest in its own building, which entails additional benefits of portfolio diversification and avoiding the need to recognize a lease obligation on its balance sheet as required under Financial Accounting Standards Board (FASB) regulations.

    Today’s low interest rates add to the appeal of purchasing buildings for owner occupancy. Borrowing costs are significantly lower than they were 10 to 15 years ago.

    Just as we are seeing some companies shift their attention from urban centers to the suburbs in search of locations offering more affordable operating costs, we are also seeing more companies look at purchasing buildings rather than pay the often-higher costs of leasing.

    -Jerry Milenbach Transwestern, Nov. 13, 2019

    Property Overview Sale Price $1,695,000 Lot Size ±.9 Acres Parcel ID NP17400000 0U01 Suite Size ±8,262 SF Parking 4:1,000 Zoning CP-2 (Gen. Business)

    More Info, Click on Logo

    Premium Location in the Commercial/Office Corridor Located on College Blvd, with quick access to Interstate 435 and Highway 69 via Anitoch Rd.

    Exceptional Access, Exposure and Signage College Blvd, the main east/west office corridor in Johnson County, and offers both building and monument signage exposure to over 16,000 VPD

    First Class Area Amenities Walking distance to Foxhill South Park, numerous dining options, grocery, services and hotels

    Turn-Key Suite, Ideal for Owner/User Furnished suite with high-end finishes, twelve (12) private offices/exam rooms plus presidential office with private bathroom and fireplace, large conference room with fourteen (14) person table and bullpen featuring sixteen (16) employee cubes

    Suite is also available for lease, see broker

    Click on text to read full article

    https://transwestern.com/news-detail/occupiers-opting-to-buy-real-estate-to-avoid-rent-increases https://transwestern.com/news-detail/occupiers-opting-to-buy-real-estate-to-avoid-rent-increases https://www.loopnet.com/Listing/8500-College-Blvd-Overland-Park-KS/17642477/

  • [email protected] | 913.488.8669 (c)Cassidy A. Mears - Vice President, Office Specialist

  • SITE

    Separately Owned Medical User (Dermatology)

    Private Double Door Entry/ Reception

    Entry/Exit Door

    [email protected] | 913.488.8669 (c)Cassidy A. Mears - Vice President, Office Specialist

    Conceptual Medical Build-Out • Up to 18 Exam Rooms • 2-3 Private Doctors Offices • Large Reception/Waiting Room • Remodeled Bathrooms • In/Out Patient Doors • Drive-Up Parking

    Property Overview Sale Price $1,695,000

    Lot Size ±.9 Acres

    Parcel ID NP17400000 0U01

    Suite Size ±8,262 SF

    Parking 4:1,000

    Zoning CP-2 (Gen. Business)

  • Corporate Woods Corporate Woods Business ParkBusiness Park

    2.2M SF Office2.2M SF Office

    6,000 Daytime 6,000 Daytime PopulationPopulation

    SITE

    College Blvd.College Blvd. College Blvd.College Blvd.16,191 VPD16,191 VPD

    W 110th St.W 110th St.

    A nitoch Rd.

    A nitoch Rd.

    A nitoch Rd.

    A nitoch Rd.

    21,536 V P

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    P D

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    [email protected] | 913.488.8669 (c)Cassidy A. Mears - Vice President, Office Specialist

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    [email protected] | 913.488.8669 (c)Cassidy A. Mears - Vice President, Office Specialist

    Trade Area HospitalsTrade Area Hospitals 1 Children’s Mercy Hospital (52 Beds)1 Children’s Mercy Hospital (52 Beds) 2 MidAmerica Rehab Hospital (98 Beds)2 MidAmerica Rehab Hospital (98 Beds) 3 Menorah Medical Center (158 Beds)3 Menorah Medical Center (158 Beds) 4 Saint Luke’s South Hospital (125 Beds)4 Saint Luke’s South Hospital (125 Beds) 5 St. Joseph Medical Center (310 Beds)5 St. Joseph Medical Center (310 Beds) 6 Overland Park Reg. Med. Ctr (262 Beds)6 Overland Park Reg. Med. Ctr (262 Beds) 7 AdventHealth Shawnee Mission (395 Beds)7 AdventHealth Shawnee Mission (395 Beds)

    Trade Area Multi-Family (2017 & Newer)Trade Area Multi-Family (2017 & Newer) 1 Avenue 80 (220 Units)1 Avenue 80 (220 Units) 2 Avenue 81 (150 Senior Living Units)2 Avenue 81 (150 Senior Living Units) 3 Promontory (291 Units)3 Promontory (291 Units) 4 The Vue (219 Units)4 The Vue (219 Units) 5 Oakwood WaterWalk (83 Units)5 Oakwood WaterWalk (83 Units) 6 Royale @ CityPlace (344 Units)6 Royale @ CityPlace (344 Units) 7 Carson Street Towers (225 Units)7 Carson Street Towers (225 Units)

    Trade Area Mixed-Use + City ProjectsTrade Area Mixed-Use + City Projects 1 CityPlace Mixed-Use Development1 CityPlace Mixed-Use Development 2 Brookridge Golf Course Redevelopment2 Brookridge Golf Course Redevelopment 3 Edison District Mixed-Use Development3 Edison District Mixed-Use Development 4 Metcalf South Mall Redevelopment4 Metcalf South Mall Redevelopment 5 Bluhawk Mixed-Use Development5 Bluhawk Mixed-Use Development

    Trade Area’s Biggest EmployersTrade Area’s Biggest Employers

  • [email protected] | 913.488.8669 (c)Cassidy A. Mears - Vice President, Office Specialist

    $52M Construction Value for Retail, Office & Industrial Building

    Permits (2018)

    2,275 Hospital Beds (2018)

    2,000 Area Physicians

    (2018) $342K

    Average Appraised Value of Home (2018)

    62% Single-Family Home Ownership Rate (2017)

    6.2% Growth in Retail Sales (2017-2019)

    34.6% of Retail Sales in

    Johnson County came from Overland Park

    (2018)

    Overland Park Top Employers

    As we continue to invest dollars from a community standpoint into education, into office developments, into quality of life, we see that continuing to propel our community into the future.

    -Beth Johnson Senior VP for Economic Development for the

    Overland Park Chamber of Commerce and Economic Development Council

  • SITE

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    FULL PROFILE 2000-2010 Census, 2019 Estimates with 2024 Projections Calculated using Weighted Block Centroid from Block Groups

    Lat/Lon: 38.9278/-94.6822 RF1

    8500 College Blvd 1 mi radius 3 mi radius 5 mi radius

    Overland Park, KS 66210

    PO PU

    LA TI

    O N

    2019 Estimated Population 0 T 9,659 92,873 252,118 2024 Projected Population 0 T 10,182 97,891 265,531 2010 Census Population 0 T 9,257 88,148 233,843 2000 Census Population 0 T 9,829 88,315 214,880 Projected Annual Growth 2019 to 2024 - 1.1% 1.1% 1.1% Historical Annual Growth 2000 to 2019 - - 0.3% 0.9%

    H O

    U SE

    H O

    LD S

    2019 Estimated Households 0 T 4,527 42,320 110,479 2024 Projected Households 0 T 4,775 44,679 116,546 2010 Census Households 0 T 4,203 38,599 98,582 2000 Census Households 0 T 4,175 36,290 86,984 Projected Annual Growth 2019 to 2024 - 1.1% 1.1% 1.1% Historical Annual Growth 2000 to 2019 - 0.4% 0.9% 1.4%

    A G

    E

    2019 Est. Population Under 10 Years - 9.0% 9.6% 11.0% 2019 Est. Population 10 to 19 Years - 10.8% 11.1% 12.3% 2019 Est. Population 20 to 29 Years - 19.0% 13.9% 13.1% 2019 Est. Population 30 to 44 Years - 16.9% 17.3% 18.7% 2019 Est. Population 45 to 59 Years - 19.7% 20.0% 19.7% 2019 Est. Population 60 to 74 Years - 17.9% 19.1% 16.7% 2019 Est. Population 75 Years or Over - 6.6% 9.1% 8.5% 2019 Est. Median Age 38.8 42.7 41.0

    M A

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    ST A

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    & G

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    2019 Est. Male Population - 49.8% 48.2% 48.4% 2019 Est. Female Population - 50.2% 51.8% 51.6%

    2019 Est. Never Married - 32.4% 28.2% 28.8% 2019 Est. Now Married - 48.6% 51.1% 52.3% 2019 Est. Separated or Divorced - 14.2% 14.7% 13.4% 2019 Est. Widowed - 4.9% 6.0% 5.5%

    IN C

    O M

    E

    2019 Est. HH Income $200,000 or More - 9.5% 8.7% 12.0% 2019 Est. HH Income $150,000 to $199,999 - 10.8% 10.2% 11.1% 2019 Est. HH Income $100,000 to $149,999 - 16.5% 17.6% 16.6% 2019 Est. HH Income $75,000 to $99,999 - 13.9% 16.8% 15.1% 2019 Est. HH Income $50,000 to $74,999 - 18.8% 17.9% 16.7% 2