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MidwestCRE

Lee & Associates negotiates $2.7M multi-tenant office building sale

Staff Writer April 4, 2017
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Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2.7 million sales transaction for a 18,500-square-foot office investment building located at 3350 Ralph Powell Road in Lee’s Summit, MO.

Jon S. England and Nathan Anderson, principals of Lee & Associates Kansas City office, represented the seller, MJB of Missouri, LLC. The buyer Valley Oaks Investments, LLC, a private investment company, liked the location and passive net lease structure of the offering.

“This building was a solid package of high quality construction and a diverse, stable tenant mix. Properties like this continue to be in high demand with investors,” said England.

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