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Office Building Investment Noland Plaza

$2,700,000

3675 South Noland Road, Independence, MO 64055

Active
Last Updated: 08/23/2023

9.3

Cap Rate

251,000

NOI

Details:
Cap Rate:    9.3%
NOI:    $251,000
Building Size:    42,714 sqft
Lot Area:    1.61 acres
Occupancy:    95%
Units:    30
Year Built:    1971
Zoning:    C-2, General Commercial District
Floors:    3
Parking Spots:    124
Description:

This prime office building presents an exceptional investment opportunity in a thriving local market. With a strategic location, strong market positioning, and exceptional cashflow from a diverse tenant base, the property offers stability with the immediate potential for value added appreciation. Attractive lease terms and favorable tenant profiles, coupled with the area’s economic growth, further enhance the appeal of the Noland Office Building.

The Noland Road Office Building is well known within Independence as a convenient, well maintained, well managed and affordable office building within the submarket. It’s location on S Noland Road and 36th Street is prime, located in the center of the Independence Central Business District, serviced by multiple national retailers, restaurants and service providers.

Notable restaurants in the area include Olive Garden, Hawaiian Bros, Red Lobster Panda Express and Scooter’s Coffee. Access to and from the building is extremely convenient, with an on/off ramp to Interstate 70 less than 1 mile away. Additionally, the Noland Office Building is within the Noland Road Community Improvement District (NRCID), an entity created to direct and fund multiple improvement projects along the Noland Road corridor.

The NRCID maintains the improvements and administers three matching grant programs for property/business owners to encourage private investment in private property along the corridor. The NRCID has been tremendously successful in revitalizing and improving the Noland Road corridor, making it one of the most attractive areas for real estate investment activities in the Kansas City Metro.


This prime office building presents an exceptional investment opportunity in a thriving local market. With a strategic location, strong market positioning, and exceptional cashflow from a diverse tenant base, the property offers stability with the immediate potential for value added appreciation. Attractive lease terms and favorable tenant profiles, coupled with the area’s economic growth, further enhance the appeal of the Noland Office Building.

The Noland Road Office Building is well known within Independence as a convenient, well maintained, well managed and affordable office building within the submarket. It’s location on S Noland Road and 36th Street is prime, located in the center of the Independence Central Business District, serviced by multiple national retailers, restaurants and service providers.

Notable restaurants in the area include Olive Garden, Hawaiian Bros, Red Lobster Panda Express and Scooter’s Coffee. Access to and from the building is extremely convenient, with an on/off ramp to Interstate 70 less than 1 mile away. Additionally, the Noland Office Building is within the Noland Road Community Improvement District (NRCID), an entity created to direct and fund multiple improvement projects along the Noland Road corridor.

The NRCID maintains the improvements and administers three matching grant programs for property/business owners to encourage private investment in private property along the corridor. The NRCID has been tremendously successful in revitalizing and improving the Noland Road corridor, making it one of the most attractive areas for real estate investment activities in the Kansas City Metro.




The property boasts well above average occupancy due to the excellent level of service, management and amenities provided in the building.





Noland Road Offices has a dedicated management office located on the 2nd floor where the current manager employs staff daily.





Janitorial, cleaning and all utilities are included in the rent.





Additionally, the Noland Office Building has two common area rooms that are available for rent by the half or full day.





The Truman Board Room serves as a common meeting area with a large conference table that the existing tenancy may use by reservation.





The training room is also available by reservation for more large scale gatherings and presentations.





The building was retrofitted with brand new Siemens automation controls throughout, allowing for remote controlling of heating/cooling, efficient electrical consumption and hyper local temperature control.





Additionally, the entire building has been retrofitted with LED lighting, adding efficiency and reducing operating costs.

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