Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1227 Martha Truman Road in Grandview, Missouri, leased to Creative Associates Inc. DBA Patriot Products. The subject property consists of approximately 232,500 square feet of warehouse space and is situated on 22.82 acres of land. The single-tenant asset features a clear height of 17’, eight dock-high doors, two grade-level doors, and three-phase heavy power with 480 amps. With a building coverage ratio of 23.4 percent, the property has ample industrial outdoor storage space, including approximately 7.0 acres of rentable space in rear of the property that was cleared and paved with gravel in 2024. Located in walking distance from Interstate 49, the property is ideal for distribution and logistics. Local home goods supplier Patriot Products has occupied the property for over 30 years, showing a strong sign of commitment to the site. The tenant’s current modified gross lease expires in March 2028 and carries a three-year renewal option at fair market value. Upon the sale of the property, the seller plans to install a new roof prior to closing, accompanied by a 20-year transferrable warranty.
The subject property is located within the midsized Grandview submarket containing 14.1 million square feet of class A, B, and C industrial space, concentrated in properties of at least 10,000 square feet. In 2024, Grandview experienced a contraction in net absorption as -217,000 square feet of space were vacated on net. However, no new industrial properties were developed and the vacancy rate increased by 150 basis points to 9.9 percent. The increase in availability slowed annual rent growth to 4.8 percent, matching the market average. Despite the fundamentals of the Grandview submarket, the overall Kansas City industrial market stands apart from the nation. Last year, net absorption essentially held steady in Kansas City at 3.7 million square feet but was exceeded by 6.0 million square feet of new supply on net. The vacancy rate in Kansas City increased slightly by 50 basis points to 5.7 percent and remained well below the 7.0 percent national average (CoStar).
Metro Kansas City is located in the heartland of America, as it sits close to both the geographic and population centers of the United States, and serves as a major regional commercial, industrial, distribution, and cultural hub. Within a two-day drive, 85 percent of the nation’s population can be reached from Kansas. Kansas City, Kansas, known simply as “KC”, is the third-largest city in the state, the county seat of Wyandotte County, and the third-largest city of the Kansas City metropolitan area. Kansas City is the home to the General Motors Fairfax Assembly Plant, which manufactures the Chevrolet Malibu and the Buick LaCrosse. In addition, Associated Wholesale Grocers and Kansas City Steak Company are based within the city.
BROKER OF RECORD
DAVIN SAVERIN
Missouri Broker of Record
7800 Forsyth Boulevard, Suite 710
St. Louis, MO 63105
Tel: (314) 889-2500
Davis.Saverin@MarcusMillichap.com
License: 2008013520
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0370123)
