Stan Johnson Company has completed the sale of a multi-tenant, 109,089-square-foot office center in Kansas City, Missouri. Located at 10320-10336 Northwest Prairie View Road, Prairie View Business Center was 97 percent occupied at the time of sale by five tenants.
One of the tenants is the U.S. Military Entrance Processing Station for Kansas City, which leases about half the rentable building area.
The property was sold by Prairie View Business Center, LLC and Prias Prairie View, LLC as tenants in common. They were exclusively represented by Scott Briggs, director in Stan Johnson Company’s Tulsa office.
The buyer, also represented by Briggs, was Chicago-based Boyd Kansas City II, LLC. The buyer purchased the property for $11.7 million in late February at an undisclosed cap rate. The facility sits on 12.23 acres and includes two one-story buildings that were built in 1993. The asset is conveniently located next to the Kansas City International Airport.