100% Leased Industrial Property located in Kansas City is Acquired by SR Realty Trust
May 3, 2019
(Minneapolis, MN) — SR Realty Trust, Inc. is pleased to announce the acquisition of a 100% leased multi-tenant distribution warehouse property located in the southern Kansas City suburb of Grandview, MO at 14100 Botts Road. The 500,000 square foot building is home to Corbion, Church & Dwight, and Winco. The facility was built on a 39-acre site in 1997 and features 35-foot clear height, 60 dock doors, and two drive-ins.
As part of the transaction, SR Realty Trust, Inc. facilitated 1031 exchanges for seven investors.
Evan Richardson, Vice President – Capital Markets, stated, “As SR Realty Trust looks to further diversify into selected markets in the Upper Midwest, we are pleased to have closed on the REIT’s second acquisition in Kansas City in the past six months.”