Merriam Ln Merriam, KS 66203
Sponsored
High-yield warehouse, excellent location.
Property size:
10,800 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 393
Property Features for 0 Merriam Ln
General Information
- Property type
- Distribution properties
- Square Feet
- 10,800 SF
- Lot Size
- 219,978 SF
Building Details
- Year Built/Renovated
- 1920/1973
HighLights
- 10,800 SF warehouse on a 5.05‑acre lot.
- Located in Merriam, Kansas, with excellent access to I‑35, I‑635, and Hwy 69.
- Fully leased to Forshaw, Inc. under a five‑year NNN lease with two five‑year renewal options.
- Landlord responsibilities are limited to structural repairs/replacement and parking lot maintenance.
- Current NOI is $70,632, offering an 8.50% cap rate.
- Annual rent increases tied to the CPI.
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Map
- City
- Merriam
- County
- Johnson
- State
- Kansas
- Longitude
- -94.6958538
- Latitude
- 39.0184708
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution property - High-yield warehouse, excellent location.
Where is this distribution property located?
The property is located at Merriam Ln Merriam, KS.
What is the asking price?
The asking price for this property is $830,964.
What are key features of this property?
This property features: 10,800 SF warehouse on a 5.05-acre lot.; Located in Merriam, Kansas, with excellent access to I-35, I-635, and Hwy 69.; Fully leased to Forshaw, Inc. under a five-year NNN lease with two five-year renewal options.
