6700 Antioch Rd Merriam, KS 66204

Property Details for 6700 Antioch Rd

Year built

1988

Lot size

4.13 lot acres

Property type

Office Properties & Spaces

Description

This exceptional Class A office building, situated on a 4.13-acre lot in Merriam, Kansas, presents a compelling investment opportunity. The 87,521-square-foot, four-story building, constructed in 1988, boasts a 68% occupancy rate with fifteen tenants. A significant 28,434 square feet of immediately available space offers substantial value-add potential for increased rental income. Below-market rental rates and staggered lease expirations contribute to this opportunity. The property features a dramatic two-story atrium lobby, a new roof with a 20-year transferable warranty (installed in 2021), and a new chiller/cooling tower (installed in 2022). Its prime location at 6700 Antioch Road provides exceptional access to major highways (I-35, I-635, KS-69, and KS-169), and is conveniently close to several country clubs, downtown areas, and shopping centers. Furthermore, its proximity to four airports within a 30-minute radius enhances its appeal. The property is zoned PUG and benefits from strong submarket demographics, including above-average population growth and excellent school districts. This presents an ideal opportunity for an owner-user to occupy a portion of the building while generating income from existing tenants. The building's recent leasing activity and the vacant spaces contribute to a promising future for this asset.