Updated over 5 years ago on .
Grocers Warehouse Acquisition
Investment Info:
Other buy & hold investment in Kansas City.
Purchase price: $7,100,000
Cash invested: $2,100,000
Originally built as a warehouse for a local grocery store in 1940, the Grocer’s Warehouse is a stunning mixed-use property which underwent a major renovation in 2019. Located in the heart of the up-and-coming Midtown district of Kansas City and situated on 5 acres of land, the property features two buildings, totalling 82,541 sqft. Featuring a healthy mix of multifamily, office, and warehouse space, Grocer’s Warehouse is a ideal asset for strong cash flow with light value add opportunity.
What made you interested in investing in this type of deal?
We love the strong day one tax advantaged cash flow on this deal, as well as the strong tenant base.
