Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1914
Building Area

Property Description

JLL is proud to present investors the opportunity to acquire 1044 Main Street (Peck’s Plaza), a 13-story office building consisting of 92,400 square feet and 61 on-site parking spaces, ideally located in the heart of downtown Kansas City. The property was built in 1914 and may qualify for certain state and federal historic preservation tax credits. New ownership can pursue zoning and permitting for development of multi-housing. In anticipation of a conversion, the previously existing office leases are set to expire between June 2021 and June 2022. 


Positioned in downtown Kansas City, the property is centrally located at the intersection of Main Street and West 11th St. The immediate area consists of a multitude of dining options, office buildings, and downtown KC attractions. Additionally, it is immediately North of the Power & Light District, a marquee redevelopment that covers six blocks and has an abundance of restaurants, bars and entertainment options.


1044 Main Street offers investors the unique opportunity to acquire a beautiful building with the ability to reposition the asset for residential use in the growing downtown Kansas City market.

Investment Highlights

Premier Downtown KC Location 

·       93 walk score 

·       Steps from KC Street Car stop 

·       Nearby to Power & Light District 

In-Demand Building Characteristics 

·       Property-controlled parking 

·       Manageable size for conversion 

·       Efficient building layout 

Desirable Central KC Submarket 

·       Plethora of employment options 

·       Strong growth potential 

·       Low cost of living 

Strong Area Demographics 

·       Impressive population growth 

·       Young median age 

·       High earners 

·       Significant renter population base 

Potential Economic Incentives 

·       Urban renewal area incentives 

·       MO state historic tax credits 

·       Federal historic tax credits 


Last Updated Date: 06 Nov 2020
David Gaines
David Gaines
Senior Director, Capital Markets
License details
IL-475.137087
Kyle Butler
Kyle Butler
Associate, Capital Markets
License details
IL-475.175786

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Last Updated Date: 06 Nov 2020

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