Property Spotlight: Industrial 19 | Rare Flex Industrial Opportunity in a 1.3% Vacancy Market | Lawrence, KS

In this Property Spotlight episode of The Kansas City Market Pulse, host Logan Freeman and Nathan Roberts introduce Industrial 19, a fully leased flex industrial property with rare yard space at 2001 E. 19th Street in Lawrence, Kansas, one of the tightest industrial markets in the Midwest at about 1.3% vacancy.

With about 19,100 SF across two buildings on 8.73 acres, most of the rent comes from outdoor storage, and that is where the team sees the value-add play.

Property Highlights:

• The Asset: Two buildings of 14,500 SF and 4,500 SF, built in 1986, five drive-in doors and 320-amp three-phase power.
• The Income: About $330,000 in annual income. The largest tenant pays about $13,000 a month through July 2028.
• The Yard: A second tenant leases 4,500 SF plus about six acres, and most of that rent comes from outdoor storage.
• The Price: Asking $2.95 million, supported by the acreage.
• The K-10 Corridor: Panasonic's $4 billion EV battery plant in De Soto brings over 4,000 jobs, part of $4 billion to $5 billion of activity along K-10.

Funds with $75 million to $100 million of equity are hunting IOS and flex assets like this. If you own one, the buyers are out there.

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