In Episode 27 of The Kansas City Market Pulse, host Logan Freeman and guest Nathan Roberts dive into a premier shovel-ready flex industrial development in Bonner Springs, KS: Riverbend Flex Garage. This Deal Spotlight takes a close look at the property’s fundamentals, financials, and projected returns.
Deal Highlights:
Property: Riverbend Flex Garage Development – 23920 W. 43rd Street, Bonner Springs, KS
Size: 6 acres zoned for light industrial use
Project: 48 units across 4 buildings totaling 48,000 SF
Design: 1,000 SF modern flex units with contemporary finishes and functional site design
Status: Fully permitted with city-approved plans—ready to break ground
Pricing: $1,150,000
Location Advantage: Excellent access along K-7 Highway, strong demographics, and proximity to demand drivers
Market Context: Flex industrial remains in high demand with near-zero vacancy in this asset class and very limited new supply
Financials: Logan and Nathan walk through underwriting, a 3-year hold analysis, and projected returns
This episode is a must-listen for developers, investors, and builders looking to capitalize on one of the fastest-growing CRE asset classes: flex industrial.
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