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Home > Documents > For Sale - 210 W 19th Terr · • LED 11.30.2018 (Not Renewing) • 15,884sf • $16.65psf FSG...

For Sale - 210 W 19th Terr · • LED 11.30.2018 (Not Renewing) • 15,884sf • $16.65psf FSG...

Date post: 02-Aug-2020
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Contact us today. Jordan Zenger, Senior Associate | [email protected] | 913-558-5183 Colleen Bradbury, Associate | [email protected] | 913-277-9445 Ferguson Properties Inc. | www.fergprop.com | 816.781.2520 | 1 Victory Drive, Suite 200 | Liberty, Missouri 64068 For Sale - 210 W 19th Terr in Crossroads of Kansas City MO 29,500sf Building (Gross Area) + 5,500sf Adjacent Parking Structure Asking Price of $4,450,000 ($139psf for 29,500sf Primary Building; $60psf for 5,500sf Parking Building) Building is Improved with Modern Finishes Property Includes Adjacent Parking Building with Remote-Activated Garage Door & Heated Interior with 16 spaces; 3 Exterior Current Additional Income Including Sprint thru 11.30.2018: $34,343.20/month Annual In-Place Income After 11.30.2018: $147,649.75/year with approximately 17,500sf Vacancy for Additional Income Potential Future Vacancy of 15,884sf Easily Demisable; Currently Has Three Defined Areas with Three Accompanying Breakrooms 5% commission to be split evenly between Seller’s and Buyer’s broker Exciting Purchase Opportunity Offered in the Heart of the Crossroads Arts District with RARE Dedicated Parking Ideal Owner- Occupant Property with In-Place Income-Generating Tenants!
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Page 1: For Sale - 210 W 19th Terr · • LED 11.30.2018 (Not Renewing) • 15,884sf • $16.65psf FSG Currently • $264,468.60/year thru 11.30.2018 Recent Building Improvements: • LED

Contact us today. Jordan Zenger, Senior Associate | [email protected] | 913-558-5183Colleen Bradbury, Associate | [email protected] | 913-277-9445

Ferguson Properties Inc. | www.fergprop.com | 816.781.2520 | 1 Victory Drive, Suite 200 | Liberty, Missouri 64068

For Sale - 210 W 19th Terrin Crossroads of Kansas City MO

• 29,500sf Building (Gross Area) + 5,500sf Adjacent Parking Structure

• Asking Price of $4,450,000 ($139psf for 29,500sf Primary Building;$60psf for 5,500sf Parking Building)

• Building is Improved with Modern Finishes• Property Includes Adjacent Parking Building with

Remote-Activated Garage Door & Heated Interiorwith 16 spaces; 3 Exterior

• Current Additional Income Including Sprintthru 11.30.2018: $34,343.20/month

• Annual In-Place Income After11.30.2018: $147,649.75/yearwith approximately 17,500sfVacancy for Additional IncomePotential

• Future Vacancy of 15,884sfEasily Demisable; CurrentlyHas Three Defined Areaswith Three AccompanyingBreakrooms

• 5% commission to be splitevenly between Seller’s andBuyer’s broker

Exciting Purchase Opportunity Offered in the Heart of the Crossroads Arts District with RARE Dedicated Parking

Ideal Owner-Occupant Property

with In-Place Income-Generating

Tenants!

Page 2: For Sale - 210 W 19th Terr · • LED 11.30.2018 (Not Renewing) • 15,884sf • $16.65psf FSG Currently • $264,468.60/year thru 11.30.2018 Recent Building Improvements: • LED

Contact us today. Jordan Zenger, Senior Associate | [email protected] | 913-558-5183Colleen Bradbury, Associate | [email protected] | 913-277-9445

Ferguson Properties Inc. | www.fergprop.com | 816.781.2520 | 1 Victory Drive, Suite 200 | Liberty, Missouri 64068

For Sale - 210 W 19th Terrin Crossroads of Kansas City MO

Current Lease Details: Swordfish Tom’s (Speakeasy):• LED 12.31.2021; Three 3-year options• 1766sf• $18.44psf FSG Currently; Increases to $19.03psf FSG on

11.3.2018• $32,557.75/year thru 11.2.2018; $33,608/year thru

11.2.2019; $34,658.25/year thru 11.2.2020; $35,708.50/year thru 11.2.2021

Event Space:• LED 12.17.2020; Two 39-month options with 3% annual

increases per year• 6394sf• $18.00psf FSG Currently; 3% increases per year• $115,092/year thru 12.16.2018; $118,544.76/year thru

12.16.2019; $122,125.40/year thru 12.16.2020

Sprint:• LED 11.30.2018 (Not Renewing)• 15,884sf• $16.65psf FSG Currently• $264,468.60/year thru 11.30.2018

Recent Building Improvements:• LED Lighting Throughout• Buildout in Basement Speakeasy Space• Current Owner In Process of Upgrading the 1st Floor

Restrooms and Common Kitchen• Installed New Stairwell and Alley Access to Basement

Spaces• Added ADA-Compliant Chairlift for Basement Tenants• Google Fiber Available at Building; Some Tenants Also

Use AT&T• Battery Back-Up + Large, On-Site Generator Stays

with 15,884sf Space for New Tenant

Other Features:• Modern Finishes in Historic Building; Exposed Brick,

Wood Floors, and Garage Door Feature• Historic building in the Crossroads Arts District• Walking distance to new streetcar stops• High-density, urban neighborhood• 1,000’s of new residential units in the pipeline within

minutes• Private, enclosed parking available

Page 3: For Sale - 210 W 19th Terr · • LED 11.30.2018 (Not Renewing) • 15,884sf • $16.65psf FSG Currently • $264,468.60/year thru 11.30.2018 Recent Building Improvements: • LED

Contact us today. Jordan Zenger, Senior Associate | [email protected] | 913-558-5183Colleen Bradbury, Associate | [email protected] | 913-277-9445

Ferguson Properties Inc. | www.fergprop.com | 816.781.2520 | 1 Victory Drive, Suite 200 | Liberty, Missouri 64068

For Sale - 210 W 19th Terrin Crossroads of Kansas City MO

FUTURE UMKC MUSIC & DANCE CONSERVATORY

$96M PROJECT

KAUFFMAN CENTER FOR THE PERFORMING ARTS

FUTURE 800+ ROOM CONVENTION HOTEL

STUDIO BLDG

PARKING STRUCTURE

W 20th St.

W 19th Terr.

W 19th St.

W 16th St.W

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Mai

n St

. McG

ee S

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Oak

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st S

t.Southwest

Blvd.

Gra

nd B

lvd.

E 20th St.

E 19th St.

E 17th St.

E 16th St.

E 18th St.

STREETCAR ROUTESTREETCAR STOP

Page 4: For Sale - 210 W 19th Terr · • LED 11.30.2018 (Not Renewing) • 15,884sf • $16.65psf FSG Currently • $264,468.60/year thru 11.30.2018 Recent Building Improvements: • LED

Contact us today. Jordan Zenger, Senior Associate | [email protected] | 913-558-5183Colleen Bradbury, Associate | [email protected] | 913-277-9445

Ferguson Properties Inc. | www.fergprop.com | 816.781.2520 | 1 Victory Drive, Suite 200 | Liberty, Missouri 64068

For Sale - 210 W 19th Terrin Crossroads of Kansas City MO

Demographics 1 mile 2 miles 3 milesPopulation 9,060 35,168 99,220# Businesses 2,480 5,585 9,376# Employees 63,376 139,335 190,096

100,000 people in a 3-mile radius!

Page 5: For Sale - 210 W 19th Terr · • LED 11.30.2018 (Not Renewing) • 15,884sf • $16.65psf FSG Currently • $264,468.60/year thru 11.30.2018 Recent Building Improvements: • LED

Contact us today. Jordan Zenger, Senior Associate | [email protected] | 913-558-5183Colleen Bradbury, Associate | [email protected] | 913-277-9445

Ferguson Properties Inc. | www.fergprop.com | 816.781.2520 | 1 Victory Drive, Suite 200 | Liberty, Missouri 64068

For Sale - 210 W 19th Terrin Crossroads of Kansas City MO


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