18401 US HWY 169 - Warehouse Investment Property for Sale
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Reece Commercial Real Estate and should not be made available to any other person or entity without the written consent of Reece Commercial Real Estate. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Reece Commercial Real Estate has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of containing substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in the Marketing Brochure has been obtained from sources we believe to be reliable; however, Reece Commercial Real Estate has not verified, and will not verify, any of the information contained herein, nor has Reece Commercial Real Estate conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein.
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Overview
Reece Commercial Real Estate pre 18410 US-169 in Smithville, MO, investment opportunity with an ap Spanning a vast area, the warehou accommodate a wide range of com logistics and distribution to manuf property is situated along the busy excellent visibility and easy access which is crucial for businesses that chain operations.
The current owner, a reputable co record in the industry, is committe agreement, ensuring a dependable owner. This arrangement allows th continue operations seamlessly wh immediate rental income and the p appreciation.
Built in 2002 and renovated in 201 modern, well-maintained structure floor space, high ceilings, and robu with five 15'6"H drive-in doors an accommodating both large comme parking. The interior layout is desig efficiency, with flexible configurat requirements.
It should be noted that Hunt Midwest has acquired 3,300 acres of land in Platte County just southwest of Smithville. KCI 29 Logistics Center is poised to play a valuable role in alleviating supply chain issues with a target to create over 8,000 jobs. The park allows users to reach 90% of the US population in two days via truck or overnight via air freight. Businesses will be attracted to this “central location” and proximity to logistics drivers such as KCI Air Cargo Operations which includes hubs for UPS, FedEx, and USPS among others. Investment is estimated at $1.3 billion over the next 10 years. The development is such a large project that it will have a sizable economic impact for the entire Kansas City area. Noteworthy is the opening of a brand-new single terminal airport in 2023.
The high demand for quality warehouse space, coupled with the property's strategic location and superior amenities, makes it a compelling choice for those looking to enhance their real estate portfolio. Whether you're an experienced investor or new to commercial property investments, this warehouse offers a promising opportunity to secure a high-yield asset in a thriving market.
PropertyHighlights
Sale Price: $1,750,000
Seller will sale-leaseback for 10-year lease at $144,000/year with 2.5% annual escalations. Landlord will have no responsibilities except the payment of property taxes.
Free standing Flex/Warehouse Building
Built in 2002, renovated in 2013
3.76 Acres
+/- 11,000 SF of heated warehouse with two office spaces and two bathrooms
Smithville’s geographic proximity to Kansas City, the metropolitan airport, Smithville Lake and agricultural lands provide the City with unique combination of opportunities for growth and development.
Over the past 15 years, Smithville’s population grew 78% across the city, with a population surpassing 10,000 residents.
the median household income in Smithville is almost $88,000 while the median household income in the Kansas City metropolitan area is less than $65,000.
The largest industries in the city include Retail Trade, Construction, and Health Care & Social Assistance.
Currently, Smithville is home to 350 businesses that generated a cumulative revenue of approximately $341,614,000 in 2019.
Tourism seen as potential key economic driver around Smithville Lake, which connects to Northern Residential Character Area.
