brush, co & garden city, ks combined flyer · 2019-02-08 · fairbank acquired the garden city,...
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The informat ion used to create th is brochure was gathered f rom sources deemed re l iab le . Though we do not doubt i ts accuracy , we do not guarantee e or warranty i t . You and your adv isors should conduct a carefu l independent invest igat ion of the informat ion to determine your sat is fact ion and su i tab i l i ty .
AREA REAL ESTATE ADVISORS A 4800 MAIN ST, SUITE 400, KANSAS CITY, MO 64112 P 816.895.4800 W OPENAREA.COM
PRO
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715 INDUSTRIAL PARK ROAD • BRUSH, CO1553 & 1603 HUMPHREY ST • GARDEN CITY, KS
JONES DEVELOPMENT COMPANY A 4520 MADISON AVE, SUITE 100, KANSAS CITY, MO 64111 P 816.389.5700 W JONESDEVCO.COM
DEAL INFORMATIONTenant: Fairbank Equipment, Inc.
Combined Annual NOI of $122,364
Lease term 10 years from COE
5% rental increase in year 5
Price $1,395,000
Capitalization rate of 8.77%
BRENT PETERSOND 816.777.2848E BPETERSON@OPENAREA.COM
BRANDON HECKD 816.389.5728E BHECK@JONESDEVCO.COM
FOR MORE INFORMATION
GARDEN CITY, KSBUILDING INFORMATION1553 & 1603 HUMPHREY ST
Two buildings equaling 11,000+/- SF
North Building 5,000+/- SF – built in 1993 South Building 6,000+/- SF – built in 2010
Land area 3.43+/- acres
Zoning I-1, Light – Medium Industrial District
Heavy compacted gravel lot for storage
Fenced outside storage
Steel structure
Metal roof
Lease rate of $7.00 PSF per year NNN
NNN SALE-LEASEBACKINVESTMENT OFFERING
BRUSH, COBUILDING INFORMATION715 INDUSTRIAL PARK RD
Total size: 8,248 +/- SF O�ce: 4,000 +/- SF Warehouse: 4,248 +/- SF
Constructed in 1979
Land area: 0.84 +/- acres
18’ clear height
One dock door
Two drive-in doors
Heavy compacted gravel lot for storage
Fenced outside storage
Property is located in a Qualified Opportunity Zone
Zoned Industrial
Lease rate of $5.50 PSF per year NNN
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DEAL INFORMATIONTenant: Fairbank Equipment, Inc.
Combined Annual NOI of $122,364
Lease term 10 years from COE
5% rental increase in year 5
Price $1,395,000
Capitalization rate of 8.77%
Company BackgroundFairbank Equipment is a 73-year-old distributor of agriculture and propane parts and equipment. Fairbank began operations in 1946 with a single location in Wichita, KS. Since that time, Fairbank has expanded its physical footprint, currently servicing customers from Texas to North Dakota and from Colorado to Missouri. Today, Fairbank operates six locations across the Midwest. Fairbank is led by a strong, tenured management team, with the President and CEO each having over 30-years of experience at the company.
For more information on the tenant, please visit: https://www.fairbankequipment.com/
Brush, CO BackgroundFairbank acquired the Brush, CO location through an acquisition of Flat River Agri, Inc. in 2016. Flat River was founded in 1981 and has operated out of its single Brush, CO location since this time. The manager of the Brush branch was retained through the acquisition and continues to lead the Brush location. He has operated at this branch for ~25 years.
Garden City, KS BackgroundFairbank acquired the Garden City, KS location from Wylie & Sons in 2014. Wylie & Sons opened the Garden City location around 1985. All employees at this location were retained through the acquisition and continue to operate the Garden City branch.
The informat ion used to create th is brochure was gathered f rom sources deemed re l iab le . Though we do not doubt i ts accuracy , we do not guarantee e or warranty i t . You and your adv isors should conduct a carefu l independent invest igat ion of the informat ion to determine your sat is fact ion and su i tab i l i ty .
AREA REAL ESTATE ADVISORS A 4800 MAIN ST, SUITE 400, KANSAS CITY, MO 64112 P 816.895.4800 W OPENAREA.COMJONES DEVELOPMENT COMPANY A 4520 MADISON AVE, SUITE 100, KANSAS CITY, MO 64111 P 816.389.5700 W JONESDEVCO.COM
The informat ion used to create th is brochure was gathered f rom sources deemed re l iab le . Though we do not doubt i ts accuracy , we do not guarantee e or warranty i t . You and your adv isors should conduct a carefu l independent invest igat ion of the informat ion to determine your sat is fact ion and su i tab i l i ty .
AREA REAL ESTATE ADVISORS A 4800 MAIN ST, SUITE 400, KANSAS CITY, MO 64112 P 816.895.4800 W OPENAREA.COMJONES DEVELOPMENT COMPANY A 4520 MADISON AVE, SUITE 100, KANSAS CITY, MO 64111 P 816.389.5700 W JONESDEVCO.COM
GARDEN CITY, KS
The informat ion used to create th is brochure was gathered f rom sources deemed re l iab le . Though we do not doubt i ts accuracy , we do not guarantee e or warranty i t . You and your adv isors should conduct a carefu l independent invest igat ion of the informat ion to determine your sat is fact ion and su i tab i l i ty .
AREA REAL ESTATE ADVISORS A 4800 MAIN ST, SUITE 400, KANSAS CITY, MO 64112 P 816.895.4800 W OPENAREA.COMJONES DEVELOPMENT COMPANY A 4520 MADISON AVE, SUITE 100, KANSAS CITY, MO 64111 P 816.389.5700 W JONESDEVCO.COM
VICTOR ORNELASELEMENTARY
GARDEN CITYCOMMUNITY
COLLEGE
ST CATHERINEHOSPITAL
LEE RICHARDSONZOO
KENNETH HENDERSONMIDDLE SCHOOL
HORACE GOODMIDDLE SCHOOL
GEORGIA MATTHEWSELEMENTARY
FLORENCE WILSONELEMENTARY
BUFFALO JAMESELEMENTARY
GARDEN CITY, KS
1553-1603HUMPHREY ST
The informat ion used to create th is brochure was gathered f rom sources deemed re l iab le . Though we do not doubt i ts accuracy , we do not guarantee e or warranty i t . You and your adv isors should conduct a carefu l independent invest igat ion of the informat ion to determine your sat is fact ion and su i tab i l i ty .
AREA REAL ESTATE ADVISORS A 4800 MAIN ST, SUITE 400, KANSAS CITY, MO 64112 P 816.895.4800 W OPENAREA.COMJONES DEVELOPMENT COMPANY A 4520 MADISON AVE, SUITE 100, KANSAS CITY, MO 64111 P 816.389.5700 W JONESDEVCO.COM
INDUSTRIAL PARK ROAD
BRUSH, COLORADO
The informat ion used to create th is brochure was gathered f rom sources deemed re l iab le . Though we do not doubt i ts accuracy , we do not guarantee e or warranty i t . You and your adv isors should conduct a carefu l independent invest igat ion of the informat ion to determine your sat is fact ion and su i tab i l i ty .
AREA REAL ESTATE ADVISORS A 4800 MAIN ST, SUITE 400, KANSAS CITY, MO 64112 P 816.895.4800 W OPENAREA.COM
715 INDUSTRIALPARK ROAD
JONES DEVELOPMENT COMPANY A 4520 MADISON AVE, SUITE 100, KANSAS CITY, MO 64111 P 816.389.5700 W JONESDEVCO.COM
LIFESTOCKEXCHANGE
THE COURSEAT PETTEYS
PARK
BRUSH HIGHSCHOOL THOMSON
ELEMENTARY
BRUSH, COLORADO
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