Grandview Office Building

Grandview Office Building is a versatile 10,176 square foot professional office property currently setup as six suites ideally suited for medical and professional services. The building benefits from excellent visibility and high traffic count on the major throughfare of Main Street in Grandview just off I-49.

The property includes ample on-site parking and the two vacant suites already have desirable buildouts. The larger suite A is all setup as medical office and used be a pediatrician’s office with 12 private offices/exam rooms, a lobby and office area, kitchen, and bathrooms.

Current ownership is not billing the NNN to tenants but it is standard in the market and can easily be added on new leases at ~3.8/sf. All tenants are currently month to month giving the owner ultimate flexibility on the purchase.

Grandview’s strategic location offers convenient access to I-49, major employers, retail corridors, and residential neighborhoods. The area continues to attract professionals and businesses seeking affordable, well-located office space south of Kansas City with easy regional connectivity.

The office exterior could use a small spruce up on exterior appearance and then some fresh leases.

This is a rare opportunity to acquire a value-add office in a growing suburban market with immediate income and leasing potential. Perfect for owner occupants or investors!

Why We Love It: Exceptional high traffic location, ample on site parking, solid single story 1980s construction with ample parking and desirable buildout in place. Growing Grandview submarket. Perfect for an investor or owner-user.

The Challenge: Current management is not collecting tenant billbacks and has all tenants month to month. Start billing back expenses on new leases, lock in tenants with longer leases, and keep up appearance of building. Building requires selective cosmetic updates to attract premium tenants and rental rates.

The Value-add Play: Lease the vacant suites quickly to reach 100% occupancy. Perform targeted cosmetic improvements on the building exterior to maximize lease up and desirability. Offset the cost of a medical office or running a business by owner-occupying one of the suites.