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    OFF-MARKET
    Industrial properties

    16301-16501 116Th St, Lenexa, KS 66219

    249,150 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 116,355-square-foot flex space is part of the larger 249,150-square-foot Lenexa Logistics Center East, Building 3, situated on a 15.8-acre lot in Johnson County. The building boasts modern tilt-wall construction with energy-efficient low-E reflective glass and a substantial 32-foot clear height. The cross-dock design features 26 dock-high doors (9'x10') equipped with levelers, along with 31 additional block-outs and 4 drive-in doors (12'x14'). Ample parking is provided with 363 spaces for employees and customers. The property benefits from a strategic location offering immediate access to major thoroughfares including I-35, I-435, and Highway K-10. The building is equipped with energy-efficient LED lighting and an ESFR sprinkler system. Power is supplied by a robust 3,000-amp, 277/480-volt, 3-phase system. The property is zoned BP-2 Planned Manufacturing and includes a 10-year PILOT schedule for real estate tax abatement. This is a rare opportunity to lease a high-quality, strategically located industrial space in a thriving Johnson County submarket.

    Property profile
    Verified
    Property type Industrial properties
    Total area 249,150 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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