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For Sale 211 W. Armour Boulevard Kansas City, Missouri Jeff Kembel, SIOR Senior Vice President +1 913 469 4604 jeff [email protected] Patrick Meraz, CCIM Vice President +1 913 469 4622 patrick [email protected]

For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. [email protected] Patrick Meraz, CCIM

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Page 1: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

For Sale211 W. Armour BoulevardKansas City, Missouri

Jeff Kembel, SIOR

Senior Vice President+1 913 469 [email protected]

Patrick Meraz, CCIM

Vice President+1 913 469 [email protected]

Page 2: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

This Offering of the Property has been prepared by Jones Lang LaSalleBrokerage, Inc. (“Broker”) for use by a limited number of parties and doesnot purport to provide a necessarily accurate summary of the Property orany of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investorsmay need or desire. All projections have been developed by the Brokerand designated sources, and are based upon assumptions relating to thegeneral economy, competition, and other factors beyond the control ofthe Broker and the owner and, therefore, are subject to variation. Norepresentation is made by the Broker as to the accuracy or completenessof the information contained herein, and nothing contained herein is, orshall be relied on, as a promise or representation as to the futureperformance of the Property. Although the information contained hereinis believed to be correct, Broker disclaims any responsibility forinaccuracies and expect prospective purchasers to exercise independentdue diligence in verifying all such information. Further, Broker disclaimsany and all liability for representations and warranties, express orimplied, contained in, or for omissions from, the Offering or any otherwritten or oral communications transmitted or made available to therecipient. The Offering does not constitute a representation that therehas been no change in the business or affairs of the Property since thedate of the preparation of the Offering. Analysis and verification of theinformation contained in the Offering is solely the responsibility of theprospective purchaser. Additional information and an opportunity toinspect the Property will be made available upon written request from

interested and qualified prospective purchasers. The owners of theProperty (“Owner”) expressly reserves the right, at its sole discretion, toreject any or all expressions of interest or offers regarding the Propertyand/or terminate discussions with any entity at any time with or withoutnotice. The Owner shall have no legal commitment or obligations to anyentity reviewing the Offering or making an offer to purchase the Propertyunless and until such offer is approved by the Owner, a written agreementfor the purchase of the Property has been fully executed, delivered, andapproved by the Owner and its legal counsel, and any conditions to theOwner’s obligations thereunder have been satisfied or waived. ThisOffering and its contents, except such in- formation which is a matter ofpublic record or is provided in sources available to the public (suchcontents as so limited herein called the “contents”), are of a confidentialnature. By accepting the Offering, you agree that you will hold and treatthe information in the strictest confidence, that you will not photocopy,print multiple copies, or forward the electronic version to otherindividuals. Also, that you will not disclose the Offering or any of thecontents to any other entity (except to outside advisors retained by you,if necessary, for your determination of whether or not to make a proposaland from whom you have obtained an agreement of confidentiality)without the prior written authorization of the Owner or Broker, and thatyou will not use the Offering or any of its contents in any fashion ormanner detrimental to the interest of the Owner or Broker. If you have nointerest in the Property after reviewing its contents, please return theOffering forthwith and/or delete all related electronic documents.

Disclaimer

Page 3: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

211 W. Armour Blvd.

I. EXECUTIVE SUMMARY

II. INVESTMENT HIGHLIGHTS

III. PROPERTY OVERVIEW

IV. FUTURE STREETCAR EXPANSION

IV. DEMOGRAPHICS

Table of Contents

3

Page 4: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Executive Summary

6

Address: 211 W. Armour Blvd.Kansas City, MO 64111

Building Type: Three-story office building plus a basement

Year Built: 1945

Building Size: 55,874 square feet

Floor Plates: 18,624 square feet

Land Size: 1.91 acres

Elevators: One

Parking: 107 surface spaces with the ability to restripe to add spaces. A few executive spaces in garage.

Sale Price: $2,100,000

Per Square Foot: $37.58

Land Per Square Foot: $25.24

211 W. Armour Blvd.

Page 5: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Highlights:

• Redevelopment opportunity at the heart of midtown on 1.91 acres

• Strategic location between the Plaza and Crown Center

• Site is large enough to expand building

• Footsteps to the Armour & Main future streetcar stop

• Infill corner site with abundant parking

• Value opportunity – building priced at $37.58 psf

• Available late summer

Investment Highlights

4211 W. Armour Blvd.

Page 6: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

4

Page 7: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Close-up Aerial

9211 W. Armour Blvd.

W. Armour Blvd.

Page 8: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Aerial

10211 W. Armour Blvd.

Page 9: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Far Out Aerial

10211 W. Armour Blvd.

Page 10: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Location Map

11211 W. Armour Blvd.

Page 11: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Location Map – close up

12211 W. Armour Blvd.

Page 12: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Property Overview

12

Seller: American Red Cross

Address: 211 W. Armour Blvd.Kansas City, MO 64111

Parcel ID: 30-220-07-15-00-0-00-000

Land Size: 1.91 acres

Building Size: 55,874 rentable square feet

Stories: Three (3) and basement

Parking: 107 spaces with ability to restripe to maximize parking

Garage: Additional covered parking available in garage

Floor Plate: 18,624 square feet

Year Built: 1945

Signage: Yes

Zoning: R-0.5 and R-1.5

Taxes (2017): Tax exempt – not for profit

Roof: New roof with 25-year warranty

Utility Providers

Electric provider: Kansas City Power & Light

Gas provider: Missouri Gas Energy

Sewer provider: KCWater

Water provider: KCWater

Stormwater provider: KCWater

Cable providers: Charter, Google Fiber, AT&T, Direct TV

211 W. Armour Blvd.

Page 13: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Floor Plans

20211 W. Armour Blvd. 13

Page 14: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Floor Plans

20211 W. Armour Blvd. 14

Page 15: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Floor Plans

20211 W. Armour Blvd. 15

Page 16: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Future Streetcar Expansion

20211 W. Armour Blvd. 15

Page 17: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

Demographics

17211 W. Armour Blvd.

Page 18: For Sale - JLL · For Sale. 211 W. Armour Boulevard. Kansas City, Missouri. Jeff Kembel, SIOR. Senior Vice President +1 913 469 4604. jeff.kembel@am.jll.com Patrick Meraz, CCIM

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. AFortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLLhad revenue of $7.9billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.6 billion square feet, andcompleted sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300corporate offices, operations in over 80 countries and a global workforce of more than 82,000. As of December 31, 2017,LaSalle Investment Management has $58.1 billion of real estate under asset management. JLL is the brand name, and aregistered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

Jeff Kembel, SIORSenior Vice President+1 913 469 [email protected]

Patrick Meraz, CCIMVice President+1 913 469 [email protected]

JLL

7500 College Blvd., Suite 920

Overland Park, KS 66210

+1 913 469 4600