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Property profile & analytics
FOR LEASE
Distribution centers

11350 Strang Line Rd Lenexa, KS 66215

175,058 SF 10.11 ac lot Built 1994
Entity Owned 4-yr Hold Free & Clear
Property ID
US33-0252255
Property summary
AI-generated overview

This exceptional 146,500-square-foot industrial property, located at 11350 Strang Line Rd in Lenexa, Kansas, presents a significant opportunity for manufacturing and distribution businesses. The single-tenant building, constructed in 1995, sits on a spacious 10.11-acre lot and is fully vacant, offering immediate occupancy. The property boasts a 24-foot ceiling height, providing ample vertical space for storage and operations. Loading and unloading are facilitated by 26 loading docks and a single drive-in door, ensuring efficient logistics. Ample parking is available with 105 spaces designated for employees and visitors. The building is equipped with robust power, featuring 277/480v, 1,000 amps service. The property is zoned BP-2, Planned Manufacturing District, within Johnson County, ensuring compatibility with a wide range of industrial uses. This prime location in Lenexa, Kansas, zip code 66215, offers excellent access to major transportation arteries, making it an ideal distribution hub. The property is ready for immediate occupancy and offers a unique opportunity for a business seeking a large, well-equipped industrial space.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1994
Construction CONCRETE
Total area 175,058 SF
Lot 10.11 ac (440,392 SF)
Zoning code BP2
APN IP15100000 0011
UPID US33-0252255
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.05M
Blend (final) Blend
$6.57M
Owner & transaction history
Ascendas Reit Us 1 LLC · 4 yrs held
Ascendas Reit Us 1 LLC
since 2021
3 recorded transactions
2021
Price N/A
2017
Price N/A
2006
Price N/A
Zoning & alternative use
BP2 · Lenexa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $8.8M +9.4%
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More about this property
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