A thirty-five and one quarter (35.25%) percent membership interest in ADS Associates, LLC, which owns a TIC Interest in the industrial building “PacSun Distribution Center” 21800 West 167th Street, Olathe, Kansas 66062

Olathe, Kansas

About The Listing
Interest being Sold: 35.25%
Investment Highlights
  • THE Operating Agreement OF ADS Associates, LLC a Kansas Limited Liability Company WAS CREATED November 1, 2000
  • THERE IS ONE MANAGING MEMBER & SEVEN OTHER MEMBERS (INCLUDING THE SELLER)
  • 35.25% INTEREST IN THE LLC IS BEING SOLD
  • THE PROPERTY WAS PURCHASED FOR $19,390,000 IN 2017
  • LONG-TERM TENANCY
  • PROPERTY IS 100% LEASED
  • APPRAISED VALUE AS OF MARCH 2017 was based on a 7.5% Cap Rate
  • TENANT – PACIFIC SUNWARE “PacSun” IS A PUBLICLY TRADED COMPANY WITH REVENUES OF $780 MILLION
  • 15 YEAR INITIAL LEASE TERM
  • 4 (5) YEAR OPTIONS
  • TRIPLE NET LEASE
  • The property is PacSun’s sole distribution facility for the United States for its retail stores and ecommerce customers
Property Photos
Offering Price:

SOLD

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