SOLD - 61,657 SF Jo-Ann Fabric Building | NNN Investment Sale
February 26, 2015
Block & Company, Inc., Realtors recently sold the Jo-Ann Fabric building to an undisclosed buyer for in excess of $8.8 million. The 61,657 square-foot building is located at 11401 Metcalf Avenue on the northeast corner of Metcalf Avenue and 115th Street in Overland Park, Kansas.
This freestanding building sits on 5.07 acres of land and is located in the center of one Greater Kansas City's strongest retail corridors with over 2 million square feet of retail surrounding the property. The Tile Shop also occupies 18,847 square-feet of the building.
David M. Block and Bill Maas of Block & Company, Inc., Realtors negotiated this transaction on behalf of the seller, which was a third party TIC formed by David M. Block, President of Block & Company, Inc., Realtors.
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