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Park Central Plaza I & II

Location: Kansas City, Missouri
Property Type: Multi-tenant Office Complex


Investment Highlights

  • Excellent Location
  • Desirable Submarket, Country Club Plaza
  • Two Office Buildings
  • 100% Occupied - Class A Tenants
  • High Household Income Area
  • Excellent Accessibility
  • Thriving Demographics
  • Estimated Closing December 2008


Property Overview

Park Central Plaza is a Class A multi-tenant office complex located within the Country Club Plaza, the Midwest’s premier retail, dining and entertainment destination, and Kansas City’s most desirable office submarket. Park Central Plaza offers apanorama of spectacular views of the entire Country Club Plaza district as well as nearby Brush Creek and the University of Missouri-Kansas City.

Park Central Plaza affords investors the opportunity to acquire a significant, Class A office asset with a timeless, trophy location next to a nationally acclaimed landmark. The Property is currently 100% occupied by a diverse base of tenants generating stable cash flow and with in-place rents well within current Class A market rates. The desire of companies to be within the Country Club Plaza area contributes to a superior tenant retention rate for office buildings within the submarket. The Property contain 29% credit tenancy with such investment grade companies as H&R Block, Infinity Broadcasting, Oppenheimer & Company and Prudential Equity Group. The Property possesses very consistent lease expirations with no more than 27% of the rent roll expiring in any given year. Park Central Plaza enjoys a lengthy weighted average remaining lease term of 59 months for existing tenants.

Country Club Plaza
Kansas City, Missouri

For more information on Country Club Plaza visit:
www.CountryClubPlaza.com




Photo by Chris Langston 2008 - 417-894-9398

 
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