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SINGLE STORY CLASS A 40,000 SF DISTRIBUTION FACILITY Topeka, Kansas
OFFERING PRICE: $5,105,000Strategically Located: The site is located four miles South of
Topeka’s CBD within the Forbes Field Industrial Park (FFIP), and is
surrounded by other commercial uses.
Building: A single-story, Class A, 40,000-sf, state-of-the-art
regional distribution facility (5,484-sf, or 13.7% office built-out)
completed December 2006.br<>
Tenant: Headquartered in Atlanta, GA, CCE was founded by Coca-
Cola Company in 1944 for the purpose of acquiring and owning
Coca-Cola bottling companies.
Lease Term: 15 years (commenced October 1, 2006) with nine,
five-year renewal options at Fair Market Rental Rates.
Lease Type: Absolute NNN. No Landlord responsibilities.
Ground Lease: A 62-year Ground Lease (17 years of Base Term
with a fixed renewal option for the remaining 45 years). Ground
lease payments, for which Tenant is solely responsible, are $20,909
and increase by 5.0% every five years.
Purchase Price: $5,105,000 (6.50% cap rate based on estimated
annual net income of $331,894 [$8.30-psf]).
Contact Phone Number: 702-882-8657
Contact E-mail address: jjarelldlgrealty@yahoo.com
Brokerage Name: DLG Realty & Investments
Submitted by: admin
Property ID Number: 91
Property ID Name: Coca Cola Building
Added: Tue May 13 2008
