Flex-Office-Warehouse - For Sale
1921 East Euclid Street McPherson, KS 67460
Details & Description
Price: $2,500,000
  • Property Type Flex/Office Whs for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 136,696
  • Building Price per Sq Ft $18.29
Mustang Storage, located in McPherson, KS, presents the right investor with a tremendous value add opportunity. The 136,696 SF, 413 Unit facility is made up of traditional self-storage, “shop” space (automotive storage and workspace), warehouse, and indoor and outdoor parking. The property is located adjacent to McPherson College, which has an Automotive Restoration Program that takes advantage of the “Shop” space and the facility being located across the street.The facility is currently 69% occupied and a new owner could significantly increase Net Operating Income by increasing occupancy without pushing in-place rents. By implementing an effective marketing plan and putting an on-site manager/sales office at the facility will result in greater occupancy and therefore increased income.- T-12 NOI: $158,199 - 6.33% CAP Rate- Stabilized in Year 3 with NOI of $260,408- 10+% CAP Rate - Pro Forma- 136,696 SF- 413 Total Units- 183 - "Shop" Units- 168 - Standard Self Storage- 9 - Warehouse- 53 - Parking SpacesFull financials available upon request.
Listing Agents
Drew Gannon

O: 316-847-4918
dgannon@naimartens.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1921 East Euclid Street

McPherson, KS 67460

Listing ID: 245254
$2,500,000
For Sale
  • Property Type Flex/Office Whs for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 136,696
  • Building Price per Sq Ft $18.29
1921 East Euclid Street McPherson, KS 67460 | for Sale | Photo 1
Description

Mustang Storage, located in McPherson, KS, presents the right investor with a tremendous value add opportunity.

The 136,696 SF, 413 Unit facility is made up of traditional self-storage, “shop” space (automotive storage and workspace), warehouse, and indoor and outdoor parking.

The property is located adjacent to McPherson College, which has an Automotive Restoration Program that takes advantage of the “Shop” space and the facility being located across the street.

The facility is currently 69% occupied and a new owner could significantly increase Net Operating Income by increasing occupancy without pushing in-place rents.

By implementing an effective marketing plan and putting an on-site manager/sales office at the facility will result in greater occupancy and therefore increased income.

- T-12 NOI: $158,199 - 6.33% CAP Rate

- Stabilized in Year 3 with NOI of $260,408

- 10+% CAP Rate - Pro Forma

- 136,696 SF

- 413 Total Units

- 183 - "Shop" Units

- 168 - Standard Self Storage

- 9 - Warehouse

- 53 - Parking Spaces

Full financials available upon request.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Wichita History of Flex-Office-Warehouse for Sale

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McPherson Area Market Trends

Listing Demographics for 1921 East Euclid Street McPherson, KS 67460

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population4,34613,02414,463
Population Median Age423939
Population by Age0-9 Yrs380 (8%)1539 (11%)1664 (11%)
10-19 Yrs519 (11%)1875 (14%)1997 (13%)
20-29 Yrs842 (19%)1973 (15%)2161 (14%)
30-39 Yrs416 (9%)1525 (11%)1669 (11%)
40-49 Yrs402 (9%)1442 (11%)1623 (11%)
50-59 Yrs593 (13%)1657 (12%)1884 (13%)
60-69 Yrs449 (10%)1500 (11%)1694 (11%)
70+ Yrs745 (17%)1513 (11%)1770 (12%)
Median HH Income$55,321$59,250$58,163
Total Household Income< 24K319 (16%)877 (15%)1060 (16%)
25-49K541 (28%)1514 (27%)1699 (26%)
50-74K481 (25%)1165 (20%)1285 (20%)
75-99K220 (11%)694 (12%)767 (12%)
100-199K316 (16%)1101 (19%)1211 (19%)
200K+41 (2%)239 (4%)284 (4%)
Highest Education LevelNo Diploma230552686
Diploma or GED71221522575
Some College75722442447
Assoc. Degree30111121249
Bachelors Degree57917141863
Higher Degree313724793
Total Housing Units1,9555,9176,681
--Owner-Occupied1,1063,5734,091
--Renter-Occupied8122,0172,215
Owner-Occupied Values< 100K239892995
100-199K57915961812
200-299K174679828
300-399K83291320
400-499K184767
500K+136870
Total Working Age Population3,68010,37911,607
In Work Force2,4097,3188,063
Not In Work Force1,2703,0623,544
Workforce Employed2,3447,1407,849
Workforce Unemployed66158174
Civlian Workforce2,4097,2988,023
Military Workforce01940
Total Households1,9185,5906,306
Family Households1,2473,6234,069
Non-Family Households6711,9672,237
Married Couple9862,9193,313
Other Family261704756
Married w/Child3201,1571,277
Single Male w/Child68215231
Single Female w/Child108270292

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Kansas2,688,418+62,853,118+52,988,194+53,140,008
McPherson County29,554-129,180029,112-128,747

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Wichita Eisenhower National Airport (ICT) 51
Kansas City International Airport (MCI) 170
Tulsa International Airport (TUL) 178