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710 Central St. & 700 Wyandotte St. Kansas City, MO 69,516 sf Office Building | 51,537 sf parking lot (170 spaces)
710 Central St. & 700 Wyandotte St.Kansas City, MO 69,516 sf Office Building | 51,537 sf parking lot (170 spaces)
Property Information Address 710 Central St. & 700 Wyandotte St. Kansas City, MO Description OfficeBuildingand ParkingLotBuilding sf 69,516 sfParking Spaces 170surfacespacesParking Land Area 1.18acBuilding Land Area 0.496ac APN 29-220-11-08-01 29-220-12-06-00 29-220-12-05-00Zoning DC-15 Downtown CoreArea Plan Greater Downtown
Building Information Constructed 1926Converted to Office 2000Foundation PouredConcreteSlabStructural Frame Concretewith MasonryFacade
Asset OveriewJLL,asexclusiveadvisor,isofferingforsalethe3-storyofficebuildingandparkinglotlocatedat 710 Central St. and 700 Wyandotte St. in downtown Kansas City, MO.
Investment HighlightsVibrant downtown–KansasCity’sDowntownincreasinglyattractsresidentialdevelopment,testamenttoits24/7amenitybase.Theretail,diningandentertainmentoptionsatthePower&LightDistrictandCityMarketattractvisitorsfromacrosstheregion.
Strong office market –TheKansasCityofficemarketisexperiencingitslowestvacancysincetheearly2000s,withvacancydecliningsteadilyacrossallclassessince2010,toanoverallvacancyrateofbelow7%.ClassArentremainscomfortablyabove$20psf,pushingdeveloperstopursuespeculativedevelopment.
Quality office building – Renovatedin2001,the3-storystructurehasanopenfloorplanthatenablesreconfigurationcustomizedtoatenant’sspecificneeds.Thebuildingwasextensivelyrenovatedin2000andhasbeenwellmaintained.
Optionality -Theparkinglotcanbepurchasedalongwiththebuildingtosupporttheofficebuilding,ortheparkinglotcanbepurchasedseparatelytoprovideparkingforanotherbuildingorasadevelopmentsite.
Flexible Zoning–TheexistingDC-15DowntownCorezoningpermitsawidevarietyofuses,includingresidential,officeandhospitality.
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Wellmaintainedmodernofficebuildingwithanopenfloorplan,excellentconference/break-outrooms,twoelevators,attractivelobby,truckloading.
Amajorrenovationin2000convertedthestructuretooffice.Renovationsincluded:newmechanicalsystems,newplumbing,newfireprotection,newelectrical,newpassengerelevator,refurbishedfreightelevatorandanewroof.Thestructureconsistsofpoured-in-placereinforcedconcretecolumns,beamsandfloorslabs.Heatingandcoolingprovidedbyfourelectric40-tonrooftoppackageunits.Oneunitservesonequadrantofeveryfloor.Tenadditional3-5tonrooftopunitssupportspecialtyspaces.One30-tonunitsupportsthebasementspace.
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Address Name Status Year Built Units / RBA
Multifamily
1 811GrandBlvd CourthouseLofts Existing 2010 176
2 240 W 2nd St Market Station Existing 2010 323
3 323W8thSt LucasPlaceLofts Existing 2014 134
4 228W4thSt RiverMarketWestApartments Existing 2015 137
5 50E13thSt OneLightLuxuryApartments Existing 2015 307
6 501GrandBlvd CentropolisonGrand Existing 2016 56
7 300-306E12thSt ArgyleBuilding Existing 2016 117
8 701BroadwaySt RoastersBlockApts Existing 2016 146
9 1200WashingtonSt SummitonQualityHill Existing 2016 252
10 531GrandBlvd 531Grand Existing 2017 185
11 933McgeeSt PickwickPlazaApartments Existing 2017 260
12 911 Main St CommerceTower Existing 2017 355
13 1050JeffersonSt ApexonQualityHill Existing 2018 138
14 1125GrandBlvd TheGrand Existing 2018 201
15 1444GrandBlvd TwoLight Exisiting 2018 296
16 114 Delaware St SecondandDelaware U/C 2019 281
17 720 Main St FlashCube Proposed 2020 184
18 1200BaltimoreAve MuehlebachApartments Proposed 2020 191
19 106W11thSt TheContinental Proposed 2022 202
20 1465 Main St ThreeLightLuxuryApartments Proposed 2022 300
Retail
21 414 Oak St MuehlebachDistrictRiverMarket Existing 2016 8,000
Hotel
22 900Broadway HyattHouseHotel Proposed 2020 103,649
23 925GrandBlvd TheGrandReserve-EmbassySuites UC 2019 297,000
24 801WalnutSt HamptonInn Existing 2016 51,000
Office
25 218 Delaware St Proposed 2019 24,000
26 JeffersonSt@10thSt Proposed#2 Proposed 2020 150,000
27 301DelawareSt Proposed 2020 32,000
28 Third&GrandBlvd ThirdandGrand Proposed 2020 225,000
29 3rdSt&GrandAve KCATA&Briarcliff Proposed 2022 300,000
30 13thSt&MainSt Strata Proposed 2022 250,0004
Market OveriewNeighborhoodDowntownKansasCityencompassesadiversecollectionofneighborhoodsboastinghistoriccharmandvibranteconomicactivity.Newresidential,officeandhospitalitydevelopmentsspeaktothefaithofthedevelopmentcommunityinthecontinuedGrowthofdowntownKansasCity.
TheSitesitsbetweentwoexperientialretaildestinations:CityMarkettothenorthneartheMissouririverandThePower&LightDistricttothesouth.CityMarketisthelargestfarmers’marketintheregionandattracts600,000peryear.ThePower&LightDistrictisan$850mentertainmentdistrictthatwascompletedin2008.ThePower&LightDistrict,spreadacross13.7acres,offers 50+venues.
New and Proposed Development Since 2010
Residential Units within .5 Mile
Multifamily Units
Condominium Units
Total
Existing 6,881 2,410 9,291
Proposed 577 0 577
UnderConstruction 307 0 307
UnderRenovation 220 0 220
Grand Total 7,985 2,410 10,395
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710 Central St. and 700 Wyandotte St.
©2019JonesLangLaSalleIP,Inc.Allrightsreserved.Allinformationcontainedhereinisfromsourcesdeemedreliable;however,norepresentationorwarrantyismadetotheaccuracythereof.
Contact Information
William“Web”Bingham ExecutiveVicePresident +1 978 807 0100 [email protected]
Scott Miller ManagingDirector +13122282266 [email protected]
JeffKembel Senior VicePresident +19134694604 [email protected]
RJTrowbridge VicePresident +19134694637 [email protected]
TatianaHodapp VicePresident +1 415 871 5941 [email protected]
City Market
