Kansas City, Missouri

8301 State Line Professional Building 8301 State Line Road | Kansas City, Missouri

Available for Sale

• 98% Occupancy • Stable, diverse tenant mix • Complete interior renovations in 2015 • 8.7% cap rate on actual 2018 NOI

Jon S. England, CCIM, SEC +1 913 890 2002 [email protected] Nathan Anderson, SIOR, CCIM +1 913 890 2001 [email protected] Investment Analysis 8301 State Line Road | Kansas City, Missouri

Purchase Information: Price: $2,975,000 Total SF: 29,751 Price PSF: $100.00

Possible Loan Scenario: Down Payment: $743,750 (25%) Debt: $2,231,250 (75%) Term: 20 Years Rate: 4.5% Payment: $14,116 Annual Debt Service: $169,392 East Elevation

2018 Income & Expenses: Gross Income: $455,308 Total Expenses: ($194,532) 42.71% Net Operating Income: $260,776

Financial Indicators: Cap Rate: 8.7% Cash on Cash B/F Taxes: 12.29% Debt Coverage Ratio: 1.54

West Elevation

4400 College Boulevard Suite 170 Jon S. England, CCIM, SEC Nathan Anderson, SIOR, CCIM Overland Park, Kansas 66211 +1 913 362 1000 +1 913 890 2002 +1 913 890 2001 nai-heartland.com [email protected] [email protected] Property Highlights 8301 State Line Road | Kansas City, Missouri

8301 State Line Road is an office building located in the Details Ward Parkway Submarket. The building fills a viable • 29,751 SF Office Building niche of serving a variety of tenants who want to locate near the high income / dense neighborhoods that • Completely renovated common areas and restrooms surround the property. Many tenants hold a Missouri • Two dedicated parking lots totaling 95 spaces professional license and want to be on the state line to serve both Johnson and Jackson Counties. • Masonry and steel construction - parking lot overlay in 2017

• Recent upgrades to HVAC, elevator and plumbing Property Details Year Construction/Reno 1973 / 2015 Total Units 24 Leases Benefits Occupancy 98% Gross Building SF 29,751 SF • Long history of low vacancy with a diverse tenant mix Parcel Size 1.11 Acres Parking Lot West 51 Spaces (2 HC) • The three (3) largest tenants have renewed leases for 3-5 years Parking Lot East 44 Spaces (3 HC) • Potential upside in gradual rent increases. The building’s average effective rent is Number of Stories 3 Zoning R-40, Kansas City $16.72 in a submarket that averages over $20 per SF.

4400 College Boulevard Suite 170 Jon S. England, CCIM, SEC Nathan Anderson, SIOR, CCIM Overland Park, Kansas 66211 +1 913 362 1000 +1 913 890 2002 +1 913 890 2001 nai-heartland.com [email protected] [email protected] Property Photos 8301 State Line Road | Kansas City, Missouri

Area Maps 8301 State Line Road | Kansas City, Missouri

Country Club Plaza

W 83rd St

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Overland Park

Lenexa

College Blvd

4400 College Boulevard Suite 170 Jon S. England, CCIM, SEC Nathan Anderson, SIOR, CCIM Overland Park, Kansas 66211 +1 913 362 1000 +1 913 890 2002 +1 913 890 2001 1 miles 1 km nai-heartland.com [email protected] [email protected] © 2019 HERE Site Aerial 8301 State Line Road | Kansas City, Missouri

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83rd St 4400 College Boulevard Suite 170 Jon S. England, CCIM, SEC Nathan Anderson, SIOR, CCIM Overland Park, Kansas 66211 +1 913 362 1000 +1 913 890 2002 +1 913 890 2001 nai-heartland.com [email protected] [email protected] Demographics 8301 State Line Road | Kansas City, Missouri

Population 1 Mile 2019 Income 1 Mile 2024 Projection 9,599 2019 Est. AverageAverage $96,243 2019 Estimate 9,476 Household Income Income 2019 Est. Median 2010 Census 10,170 $74,807 Growth 2019-2024 1.30% Household Income Growth 2010-2019 -6.82% Median Age 40.20

Households 1 Mile Education 1 Mile 2024 Projections 4,523 Some High School, 189 (2.52%) 2019 Estimate 4,483 No Diploma 2010 Census 4,899 High School Grad 930 (12.42%) Growth 2019-2024 0.87% Some College, No Degree 1,866 (24.91%) Growth 2010-2019 -8.49% Associate Degree Degree 556556 (7.42%)(7.42%) 2019 Est. Bachelor Degree Degree 2,3862,386 (31.86%)(31.86%) 3,554 (79.29%) Owner Occupied Advanced Degree Degree 1,5631,563 (20.87%)(20.87%) 2019 Est. 928 (20.71%) Renter Occupied 2019 Median Home Value $185,583

4400 College Boulevard Suite 170 Jon S. England, CCIM, SEC Nathan Anderson, SIOR, CCIM Overland Park, Kansas 66211 +1 913 362 1000 +1 913 890 2002 +1 913 890 2001 nai-heartland.com [email protected] [email protected] Kansas City Metro Attractions 8301 State Line Road | Kansas City, Missouri

4400 College Boulevard Suite 170 Jon S. England, CCIM, SEC Nathan Anderson, SIOR, CCIM Overland Park, Kansas 66211 +1 913 362 1000 +1 913 890 2002 +1 913 890 2001 nai-heartland.com [email protected] [email protected] Kansas City Metro Market 8301 State Line Road | Kansas City, Missouri

Introduction

The Property is located in Kansas City, Missouri and is included in the Kansas City’s combination of big-city business amenities and small- Kansas City Metropolitan Statistical Area. In Greater Kansas City you market ease of living have made the metro a magnet for investment. will find: Recent announcements to either locate significant new operations or expand existing operations have been made by: • One of the fastest growing major job markets in the Midwest • Lower business and lifestyle costs than most major metros • A well-educated, extremely productive workforce Major Corporate Headquarters in KC: • The most geographically-central major metro in the country - Bayer Corporation - Lowe’s - Caremark Rx - Mars Petcare U.S Major Corporate Headquarters in KC: - Citi Cards - MasterCard International - DHL - MWI Veterinary Supply - AMC Entertainment - Hallmark Cards - Farmers Insurance - Pacific Sunwear - American Century - Hill’s Pet Nutrition - Federal Express - Prescription Solutions - Black & Veatch - JE Dunn - Federal Express Ground - Sara Lee - Burns & McDonnell - Newport Television - Federal Express - Sergeant’s Pet Care - Cerner Corporation - Collective Brands - SmartPost - Smith Electric Vehicles - Commerce Bancshares - Seaboard Corporation - Fidelity National Financial - U.S. Corporation - General Motors - State Street - DeBruce Grain - Sprint - Home Depot - Synbiotics Corporation - DST Systems - UMB Financial - International Speedway Corp - T-Mobile USA - Garmin - Westar Energy - John Deere - Target - Great Plains Energy - YRC Worldwide - Kimberly-Clark - U.S. Bank - H&R Block - Lansing Trade Group - Liberty Mutual Group - Wal-Mart

4400 College Boulevard Suite 170 Jon S. England, CCIM, SEC Nathan Anderson, SIOR, CCIM Overland Park, Kansas 66211 +1 913 362 1000 +1 913 890 2002 +1 913 890 2001 nai-heartland.com [email protected] [email protected] Kansas City Metro Market 8301 State Line Road | Kansas City, Missouri

Major Employers

Kansas City’s economy is recognized as one of the most diverse among GSA. Also, major technology companies in Kansas City Area have made the Employers Nation’s mid-sized cities with no one sector comprising a tremendous impact on the local community and the economy. Cerner more than 15% of the overall economy. The largest employers in Corporation is one of the premier health care information systems Kansas City are entities of the local, state and federal government companies in the country and the second largest employer in the city which constitute 14.9% of local employment. with nearly 14,000 employees.

Closely following are the professional and business services firms and Greater Kansas City is headquarters to two Fortune 500 companies, the education and health services companies with 13.2% and 11.8%, Seaboard Corporation and Lansing Trade Group. The metro area also respectively, of Kansas City employment. Leisure and hospitality has additional Fortune 1000 corporations including Cerner Corporation, services comprise 9.6% of Kansas City employment, and manufacturing YRC Worldwide, H&R Block, Great Plains Energy, Kansas City Southern, accounts for 8.7%. Kansas City is also a hotbed of entrepreneurial and Euronet Worldwide, DST Systems and Ferrellgas Partners. Other area small business activity with 97% of all local companies employing fewer major employers that don’t quality for the Fortune lists include Sprint than 100 people. Corporation, Hallmark Card’s, AMC Theatres and Garmin. The Kansas City streetcar and $1.5 billion remodel of the Kansas City International Kansas City economy is not solely dependent upon specific businesses airport are significant economic drivers in the continued urban or upon a single industry. This healthy diversity is illustrated among revitalization of downtown. some of Kansas City’s other significant employers which include Ford Motor Company (manufacturing), HCA, Inc. (health services), and Sprint Kansas City is Home of 2 FORTUNE 500 Companies: Corporation (telecommunications). Company Rank Revenue (Millions) The federal government is the largest employer in the Kansas City Lansing Trade Group 463 $5,142 metropolitan area with nearly 25,000 employees across a variety of Seaboard Corporation 481 $5,809 positions and government agencies including the Internal Revenue Service, Federal Reserve Bank, Veterans health Administration and

CONFIDENTIALITY & NON-DISCLOSURE AGREEMENT 8301 State Line Road, Kansas City, Missouri (the “Property”)

The undersigned has been advised that NAI Heartland (“NAI”) has been retained on an exclusive basis by the owners of the above referenced property (“Owner”) with respect to the offering for sale of the Property indicated above. The Owner requests all inquiries and communications with respect to the contemplated sale of the Property or properties be directed through NAI, and that no direct contact with the tenants of the Property be made by any potential buyer or their agents or brokers.

Principal/Advisor - If the undersigned hereby acknowledges that it is a principal or advisor acting on behalf of a principal (without a broker), then such undersigned agrees that it will not look to Owner or NAI for any fees or commissions in connection with the sale of the Property.

Broker/Agent - If the undersigned is acting as a Broker or Agent and has properly registered their principal below, Owner agrees to compensate Broker or Agent an amount equal to two percent (2.0%) of the final sale price should a successful closing occur. The definition of a successful closing includes transfer or property and NAI receiving a commission due under a separate marketing agreement between NAI and Owner.

The undersigned (whether principal or broker) acknowledges that it has not dealt with any other broker other than NAI regarding the acquisition of the Property, or if it has, the undersigned agrees to indemnify the Owner and NAI against any compensation, liability, and expenses arising from claims for other broker/agent or third parties that have not properly registered their clients or signed this Confidentiality Agreement.

NAI has available for review certain information (“Confidential Information”) concerning the Property. On behalf of the Owner, NAI may make such Confidential Information available to the undersigned upon execution of this Confidentiality Agreement. The Confidential Information is intended solely for your own limited use in considering whether to pursue negotiations to acquire the Property. This is not an agreement to sell the Property or an offer of sale. No agreement binding upon the Owner of the Property, or any of its associated or affiliated companies, shall be deemed to exist, at law or equity, until the Owner of the Property enters into a formal binding agreement of purchase and sale.

The Confidential Information contains brief, selected information pertaining to the Property, and has been prepared by NAI primarily from information supplied by the Owner. It does not purport to be all-inclusive or to contain all the information which a prospective purchaser may desire. Neither NAI nor Owner make any representation or warranty, expressed or implied, as to the accuracy or completeness of the Confidential Information and no legal liability is assumed or to be implied with respect thereto.

By executing this Confidentiality Agreement you agree not to make any direct contact with tenants of the Property, that the information provided is confidential, that you will hold and treat it in the strictest of confidence and that you will not disclose or permit anyone else to disclose the Confidential Information to any person, firm or entity without prior authorization of the Owner and NAI, except that the information may be disclosed, as needed to evaluate the potential purchase of the Property, to your partners, employees, consultants, legal counsel and lenders or pursuant to a court order. Owner expressly reserves the right in its sole discretion to reject any or all proposals or expressions of interest in the property and to terminate discussions with any party at any time with or without notice. If you do not wish to pursue acquisition negotiations you hereby agree to return the Confidential Information to NAI.

ACCEPTED AND AGREED TO

THIS ______DAY OF ______, 2019

Principal Broker Signature: ______Signature: ______

Name Name (Printed): ______(Printed): ______

Title: ______Title: ______

Company: ______Company: ______

Address: ______Address: ______

______

Phone Number: ______Phone Number: ______

E-Mail: ______E-Mail: ______

Please direct all inquiries to: Jon England, CCIM, SEC [email protected] 913.890.2002 Or Nathan Anderson, SIOR, CCIM [email protected] 913.890.2001