Duong Investment Group

BrandSafway – Wichita, Kansas

2054 South Custer Avenue, Wichita, KS 67213

Property Description

Price: $2,850,000
Land Area: ±6.97 Acres
Cap Rate: 6.25%
Gross Leasable Area: ±21,677 SF
Year Built: 2016

Investment Highlights

Strong Corporate Guarantee – BrandSafway has over 360 Locations Across 30 Countries with More Than $5 Billion in Annual Revenue

No Options Remaining – Value Add Potential with Modifying Lease to NNN at Expiration

Extremely Low Lot Coverage of 7%

Corporate Guarantee with BrandSafway

  • BrandSafway is an Industry-Leading Global Provider of Access and Scaffolding Systems, Forming, Shoring, and Industrial Services to the Industrial, Commercial, and Infrastructure Markets
  • BrandSafway was Valued at $6.7 Billion in 2019 when Brookfield Business Partners (NYSE: BBU) Acquired 45% of the Company
  • Modified Gross Industrial Property – Potential Upside at End of Term Re-Negotiating Lease to NNN – Which is Ideal for Investors Not Local to the Market

Strong Real Estate Fundamentals

  • Dense, Infill Trade Area Only 5 Miles From Downtown – Population Counts Exceed 440,000 Residents Within a 10 Mile Radius
  • On-Site Compressor Building with Rail Access – Abundance of Industrial Outdoor Storage
  • Building is in Excellent Condition – Large Lot of Over 6.9 Acres
  • Strategically Located Just Minutes from Dwight D Eisenhower National Airport
  • Numerous High-Credit Industrial Tenants Nearby Making Use of the Easy Access to I-35, Hwy 54, I-235, and I-135 – Which Connect Wichita to the MidWest
  • Pride of Ownership Property in Wichita, KS

Broker of Record: Colby Haugness, Lic.#: 00241410

Contact Information

James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
james.andrews@marcusmillichap.com
License: CA 02115272

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643