BrandSafway – Wichita, Kansas
2054 South Custer Avenue, Wichita, KS 67213
Property Description
Price: $2,850,000
Land Area: ±6.97 Acres
Cap Rate: 6.25%
Gross Leasable Area: ±21,677 SF
Year Built: 2016
Investment Highlights
Strong Corporate Guarantee – BrandSafway has over 360 Locations Across 30 Countries with More Than $5 Billion in Annual Revenue
No Options Remaining – Value Add Potential with Modifying Lease to NNN at Expiration
Extremely Low Lot Coverage of 7%
Corporate Guarantee with BrandSafway
- BrandSafway is an Industry-Leading Global Provider of Access and Scaffolding Systems, Forming, Shoring, and Industrial Services to the Industrial, Commercial, and Infrastructure Markets
- BrandSafway was Valued at $6.7 Billion in 2019 when Brookfield Business Partners (NYSE: BBU) Acquired 45% of the Company
- Modified Gross Industrial Property – Potential Upside at End of Term Re-Negotiating Lease to NNN – Which is Ideal for Investors Not Local to the Market
Strong Real Estate Fundamentals
- Dense, Infill Trade Area Only 5 Miles From Downtown – Population Counts Exceed 440,000 Residents Within a 10 Mile Radius
- On-Site Compressor Building with Rail Access – Abundance of Industrial Outdoor Storage
- Building is in Excellent Condition – Large Lot of Over 6.9 Acres
- Strategically Located Just Minutes from Dwight D Eisenhower National Airport
- Numerous High-Credit Industrial Tenants Nearby Making Use of the Easy Access to I-35, Hwy 54, I-235, and I-135 – Which Connect Wichita to the MidWest
- Pride of Ownership Property in Wichita, KS
Broker of Record: Colby Haugness, Lic.#: 00241410
Contact Information
James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
james.andrews@marcusmillichap.com
License: CA 02115272
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643