KANSAS CITY (LENEXA), KANSAS

Transcription

1 KANSAS CITY (LENEXA), KANSAS CLASS A 100% LEASED 54,055 SQUARE FEET OFFERING SUMMARY 2' CLEAR HEIGHT

2 INVESTMENT SUMMARY THE INVESTMENT OPPORTUNITY LENEXA LOGISTICS CENTRE #5 Holiday Fenoglio Fowler, L.P. ( HFF ) has been exclusively retained to offer qualified investors the opportunity to acquire Lenexa Logistics Centre #5 (the Property ), a 54,055 square foot, 100% occupied, Class A industrial building situated in the heart of Johnson County, the dominant industrial region of Kansas City. Lenexa Logistics Centre #5 is an institutional quality, multi-tenant industrial building that is 100% leased to Propak Logistics, Regal Distributing and Long Motor Corporation with an average of six years of remaining lease term. Recently constructed, the Property features state-of-the-art specifications including modern tilt-wall construction, energy efficient low E reflective glass, 2 clear height, E.S.F.R. sprinkler system, and abundant trailer / car parking. Lenexa Logistics Centre #5 is an outstanding investment opportunity to purchase a stable, high-yielding asset with stable tenancy in a supply constrained submarket poised for significant growth. INVESTMENT SUMMARY RENTABLE BUILDING AREA 54,055 SF % LEASED 100% YEAR BUILT 2015 CONFIGURATION CROSS DOCK TENANTS LONG MOTOR CORPORATION, PROPAK LOGISTICS, REGAL DISTRIBUTING WEIGHTED AVG LEASE TERM 5.8 YEARS LEASE STRUCTURE NNN ESCALATIONS (YEARLY) 1.0% INC. (LONG MOTOR CO.) 1.5% INC. (REGAL DIST.) YEAR ONE NOI $1,46,40 2

3 PROPERTY SUMMARY ADDRESS West 11th Street Lenexa, Kansas CLEAR HEIGHT 2 RENTABLE BUILDING AREA 54,055 SF BUILDING DIMENSIONS 41 (Depth) x (Width) % LEASED 100% TYPICAL COLUMN SPACING 50 (Depth) x 54-6 (Width) OFFICE FINISH.5% 65 (Depth) x 54-6 (Width) YEAR BUILT 2015 CONSTRUCTION OVERVIEW Modern tilt-wall construction SITE AREA Acres ROOF TPO mechanically fastened roof (insulation of R-25) COVERAGE RATIO 44.8% WAREHOUSE LIGHTING 54-watt T5HO fluorescent high bay fixtures (initial lighting: one per 6,500 SF) TRUCK COURT SPRINKLER E.S.F.R. LOADING LOADING DOORS Cross-Dock Loading 81 dock-high doors 4 drive-in doors

4 INVESTMENT MERITS PRIME LOGISTICAL & DISTRIBUTION LOCATION WITHIN THE ROBUST JOHNSON COUNTY INDUSTRIAL MARKET»» Lenexa Logistics Centre #5 is strategically located with immediate access to Interstate 45, Highway 10, and Interstate 5 the primary north-south artery of the U.S., stretching from Canada to Mexico, making it the industrial backbone of Central U.S.»» The Property resides on an irreplaceable 18.2-acre site within the Lenexa Logistics Centre, one of Lenexa s premier master-planned industrial parks totaling 1.7 million square feet of bulk industrial/warehouse space. Lenexa Logistics Centre #5 presents a rare opportunity to acquire an institutional-quality Class A industrial product in Lenexa with tremendous access and strong visibility.»» Kansas City s central geographic location, growing economy, business-friendly environment, low tax rate, and developed and evolving infrastructure, which features the largest rail center in the U.S. by tonnage, all contribute to the advantages corporations benefit from when locating in the Kansas City market. It all culminates with Kansas City being an attractive location for transportation and logistics operations. ESTIMATED FREIGHT DELIVERY TIMES FROM KANSAS CITY, DISTRIBUTORS ARE ABLE TO REACH 90% LLC5 OF THE UNITED STATES IN LESS THAN 2 DAYS AND 2 100% WITHIN DAYS Zone 1 Overnight (12 hours) Zone 2 Next Day (16 hours) Zone 2nd Morning (24 hours) Zone 4 2nd Day (0 hours) 4

5 AERIAL Downtown Kansas City Overland Park Mills Creek Business Park REGIONAL DISTRIBUTION CENTER Renner B lvd College & Renner Corporate Center lvd B College DISTRIBUTION CENTER t th S W 11 FULFILLMENT CENTER LONG MOTOR CORPORATION PROPAK LOGISTICS REGAL DISTRIBUTION PROPAK LOGISTICS 5

6 INVESTMENT MERITS ACTIVE INDUSTRIAL MARKET WITH STRONG MARKET DYNAMICS»» Lenexa Logistics Centre #5 will infinitely benefit from its center-of-themarket location within the Johnson County industrial submarket, one of Kansas City s most desirable industrial markets. The Johnson County industrial submarket has historically ranked first in Kansas City in terms of inventory, absorption, deliveries and number of square feet under construction. This submarket has proven to grow even stronger over the years due to its premier location and access to major thoroughfares, along with the ability for investors to capitalize on the submarket s steady growth in occupancy and rental rates. CHARLES B. WHEELER DOWNTOWN AIRPORT»» Totaling over 2.6 million square feet of competitive inventory, the overall Kansas City industrial market features 94.6% occupancy and has generated 8.6 million square feet of positive net absorption in the last 12 months.»» The positive market fundamentals occurring within the Kansas City MSA has caused unprecedented recent population growth and overall economic expansion and is heralded as one of the country s top business climates. As a result of these favorable dynamics, the immediate Lenexa region has attracted significant investment, proven by the number of major corporations located in the area, including CVS Caremark, Coca-Cola Bottling, B/E Aerospace, Alliance Data Systems, J.C. Penney, United Parcel Service, Amazon, FedEx and many more. KANSAS CITY INDUSTRIAL: NET ABSORPTION DELIVERIES 4,000,000 NEW CENTURY AIRCENTER 0.2x.0x.9x 1.0x 2.9x 0.6x 1.2x JOHNSON COUNTY MUNICIPAL AIRPORT,500,000,000,000 GARDENER MUNICIPAL AIRPORT 2,500,000 2,000,000 1,500,000 1,000,000 BNSF LOGISTICS FACILITY 500, Net Absorption 201 Deliveries Net Absorption vs. Deliveries Ratio 2017 Q1 Proximity to: FedEx Ship Center.7 Miles Downtown Kansas City 19.1 Miles Regional UPS Distribution Center 1.9 Miles BNSF Railway/ Intermodal Network 18.8 Miles 6

7 ADDITIONAL INFORMATION If you have any questions or require additional information, please contact the individuals below: ADAM HERRIN Managing Director STEPHEN BAILEY Associate Director PHOEBE BRENT Analyst FINANCIAL OVERVIEW RENTABLE AREA: 54,055 square feet PERCENT LEASED: 100% APPROXIMATE YEAR-1 NOI: $1,46,40 DEBT KANSAS CONTACT MARKET LEASING EXPERT CAMPBELL ROCHE Managing Director SEAN FOGARTY Kansas Licensed Broker KS License# BR00249 ZACH HUBBARD Block Real Estate Services Holliday Fenoglio Fowler, L.P. 22 Victory Avenue, Suite 1200 Dallas, Texas Telephone: Facsimile: Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.