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WESTERN UNION BUILDING100 E 7TH STREET, KANSAS CITY, MISSOURIFor Sale or Lease

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EXCLUSIVE LISTING AGENTS

PHIL JAMESSenior Vice President+1 816 556 1125phil.james@colliers.com

RC JENSEN CCIMVice President+1 816 556 1128rc.jensen@colliers.com

TABLE OF CONTENTSOFFERING SUMMARY

TERMS OF SALE / LEASE

FLOOR PLANS

DISCLAIMER

MARKET PROFILE

AERIALS

OFFERING SUMMARY

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PROPERTY ADDRESS

100 East 7th StreetKansas City, MO 64106

OFFERING PRICE Market

50,122TOTAL SQUARE FEET

4FLOORS

.32 acresSITE AREA

1920YEARBUILT

2003ROOF

143 spacesPARKING

GoogleHIGH SPEED FIBER

2 passengerELEVATOR

OFFERING SUMMARY

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The 50,000±-square-foot, four-story building was built in 1920 and completely renovated in 2003. The popular Homesteader Cafe and Pawn and Pint board game pub concept can be found on the ground level with three floors of office space above. Each floor plate is approximately 12,612 rentable square feet and features large windows with tremendous views of downtown and the River Market.

The property is located at 7th and Walnut on the north end of the downtown loop overlooking River Market with easy access to I-70/670, one block east of the streetcar line. The building is currently 70% occupied with a 3,107-square-foot vacancy on the ground floor, as well as 12,612 square feet of move-in-ready office space on the third floor. The property includes a surface lot and covered spaces directly to the east that consists of 143 parking spaces.

This asset has the flexibility for a multitude of different sized owner-occupants - from a user needing 12,612 square feet with additional income from four other tenants to a 28,331-square-foot user occupying floors one (3,107 square feet), two (12,612 square feet) and three (12,612 square feet) with income from three other tenants.

The Western Union Building presents an excellent opportunity for an investor or owner-occupant to own a historic property in a highly desirable location.

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GUIDED PROPERTY TOURSProperty inspections will be made by appointment only and arranged through Colliers International | Kansas City. Inquiries should be directed to:

PHIL JAMESSenior Vice President +1 816 556 1125phil.james@colliers.com

RC JENSEN CCIMVice President +1 816 556 1128rc.jensen@colliers.com

TERMS OFSALE / LEASE

OWNERSHIP ENTITYWSHI, LLC

INTEREST OFFERED100 percent fee simple

SALE PRICING $6,950,000

RENTAL RATE$17.50/SF full service

OFFERING PROCEDURESeller and agent will assess the qualifications of any party submitting a non-binding letter of intent in accordance with seller’s objectives. In making this assessment, consideration will be given to a number of factors, including, but not limited to, price, timing of closing, and the perceived ability of the investor to complete the transaction.

ZOOMAERIAL

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SITESITE

WAL

NUT

STRE

ETW

ALNU

T ST

REET

GRAN

D BO

ULEV

ARD

GRAN

D BO

ULEV

ARD

EAST 6TH STREETEAST 6TH STREET

EAST 7TH STREETEAST 7TH STREET

MAI

N ST

REET

MAI

N ST

REET

PARKINGPARKING

DELAWARE STREET

DELAWARE STREET

WIDEAERIAL

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RIVER MARKETRIVER MARKET

POWER & LIGHTPOWER & LIGHTDISTRICTDISTRICT

CENTRAL BUSINESSCENTRAL BUSINESSDISTRICTDISTRICT

KC S

TREE

TCAR

KC S

TREE

TCAR

GARMENTGARMENTDISTRICTDISTRICT

SITESITE

LIBRARYLIBRARYDISTRICTDISTRICT

QUALITY HILLQUALITY HILL

CONV

ENTI

ON

CONV

ENTI

ONCE

NTER

CENT

ER

WEST BOTTOMSWEST BOTTOMS

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FLOORPLANS1st floor3,107 SF available

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FLOORPLANS2nd floorfully-occupied

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FLOORPLANS3rd floor12,612 SF available(full floor)

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FLOORPLANS4th floorfully-occupied

MARKETPROFILE

DOWNTOWN KANSAS CITY OVERVIEWCurrent appetite for urban living has generated increased demand for residential units within the downtown area. The timing of the streetcar coincides with a growing demand by a younger generation seeking space within the Kansas City urban core. As more individuals seek live/work/play options, the downtown development scene has exploded over the past couple of years. As a result of new amenities and retail options in the immediate area, multifamily occupancy levels constantly remain at 97% or higher. The Downtown Council of Kansas City has a vision to almost double the current downtown population of 21,000 to 40,000 within the next decade. As a vibrant Downtown Kansas City continues to rapidly evolve with the addition of several multifamily developments, hotels and office users, new retail concepts continue to be added to the downtown inventory.

With the resurgence of the downtown scene, several new hotel developments have recently been completed or are currently under construction. Most notably, the long-awaited Convention Center hotel broke ground in 2018. The $367 million, 800-room Loews Hotel opened in June 2020. The hotel is located at 16th and Wyandotte Streets, directly across from the Grand Ballroom at the Kansas City Convention Center.

DOWNTOWN OFFICE GROWTHThe downtown Kansas City office market continues to build on the momentum of the rapidly evolving downtown scene. A new vibrant downtown continues to improve through several multifamily redevelopment projects, new hotels, and the addition of several new restaurants and retailers. The momentum and future development in the downtown area also continues to attract office users to the urban core. The Central Business District (“CBD”) landed several large deals throughout 2019 as the downtown office market continues to improve significantly.

The announcement of Waddell & Reed moving to downtown Kansas City from suburban Overland Park is a massive win for the downtown area. The financial company will relocate nearly 1,000 well-paying jobs into the CBD loop upon completion of a new office tower. Waddell & Reed broke ground in 2020 on the new 260,000 SF office building located at the southwest corner of 14th and Baltimore. The building is slated for delivery in 2022. Not only will the new office tower add to the downtown skyline, it will be the first major office development in downtown CBD since the completion of the JE Dunn headquarters in 2009 and the H&R Block headquarters in 2006.

Last summer the Kansas City metro area was able to attract two key USDA agencies after a nationwide search with 136 cities expressing interest in the relocation requirement. Kansas City will become the future home offices for Economic Research Services (ERS) and National Institute of Food and Agriculture (NIFA) which will ultimately result in more than 560 new jobs to the Kansas City metro. After an extensive metro-wide search, the USDA announced they will occupy 115,000 SF within 805 Pennsylvania, once again bringing an influx of well-paying jobs to the downtown area.

The Crown Center submarket also remained active throughout 2019. The Crown Center area retained two federal agencies through lease renewals, which will keep several hundred jobs in the downtown area. The Department of Labor Statistics signed a 69,000 SF at 2300 Main, while the Social Security Administration renewed 20,000 SF at 2301 McGee. The 2400 Pershing Building at Crown Center continued the leasing momentum from last year. After several recent upgrades to the building and new amenities, over 50,000 SF of new leases were signed in 2019, with a total of 85,000 SF leased including renewals. 12

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KANSAS CITY STREETCAR OVERVIEWThe Kansas City Streetcar opened in May 2016 and through August 2020, ridership has totaled nearly 8.40 million with an overall daily average of 5,180 riders despite recent lower ridership as a result of COVID-19. Specific to 2019, daily average ridership resulted in 6,289 riders and is expected to get back to same ridership levels in the near future. The 2.2-mile track currently serves the downtown market with ten stops between Crown Center/Union Station and River Market. The economic impact of the project has been significant to the urban core, as developers have invested over $2.5 billion along the Streetcar route in terms of multifamily, hotel, mixed-use, and office development since 2012 when the Streetcar plan was announced.

The KC Streetcar extension project along Main Street to the Country Club Plaza will facilitate future development growth in Midtown, County Club Plaza and throughout the Urban Core. The KC Streetcar project team is making steady progress in its effort to obtain a crucial federal grant for the 3.5-mile Main Street extension. In May 2020, the extension received the green light from the Federal Transit Administration (FTA) to enter into the engineering phase of the FTA’s Capital Investment Grants New Starts program. The streetcar extension continues to push towards finalizing a federal grant award by early 2021 and moving to begin construction by 2022.

This offering memorandum is subject to prior placement and withdrawal, cancellation or modification without notice. The information contained herein has been carefully compiled from sources we consider reliable, and while not guaranteed as to completeness or accuracy, we believe it to be correct as of October 20, 2020.

Neither this offering memorandum nor any part thereof, shall be reproduced or distributed without the written authorization of the owner of WSHI, LLC (the “Owner”), and Colliers International | Kansas City (the “Broker”).

Further:This offering memorandum was prepared by the Broker solely for the use of prospective purchasers of the real property commonly known as 3400 College Boulevard (the “Property”). Neither the Broker nor the Owner makes any representation or warranty, express or implied, as to the completeness or the accuracy of the material contained in this offering memorandum.

Prospective purchasers of the Property are advised (i) that changes may have occurred in the physical or financial condition of the Property since the time this offering memorandum or the financial statements herein were prepared, and (ii) that the projections contained herein were made by Broker and not by Owner and are based upon assumptions of events beyond the control of Broker and Owner, and therefore, may be subject to variation. Other than historical revenue and operating expense figures for the Property, Owner has not provided, and will not provide, Broker or any prospective purchaser with any income and expense figures, budgets or projections regarding the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This offering memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligations to any entity reviewing this offering memorandum or making an offer to purchase the Property unless and until such offer for the Property is approved by Owner and the signature of an authorized representative of Owner is affixed to a real estate purchase agreement.

This offering memorandum is confidential. By accepting this offering memorandum, you agree (i) that you will hold and treat this offering memorandum and its contents in the strictest confidence, (ii) that you will not photocopy or duplicate any part of this offering memorandum, (iii) that you will not disclose this offering memorandum or any of its contents to any other entity without the prior written authorization of the Owner, and (iv) that you will not use this offering memorandum in any fashion or manner detrimental to the interest of the Owner or Broker.

EXCLUSIVE LISTING AGENTS

PHIL JAMESSenior Vice President+1 816 556 1125phil.james@colliers.com

RC JENSEN CCIMVice President+1 816 556 1128rc.jensen@colliers.com

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DISCLAIMER