Copaken Secures Full Price for Kansas Flex Building

The 37,585-square-foot facility in Lenexa’s Pine Ridge Business Park sold for $4 million after being on the market for a year and a half.
Copaken Brooks facilitated the sale of a 37,585-square-foot flex building in Lenexa, Kan. John Coe, senior vice president with the company, represented the seller, Peavey Properties. The buyer was Easterly Government Properties Inc., a REIT focused on Class A commercial properties leased to U.S. government agencies. After a year and a half of marketing the property, Coe closed the deal at $4 million (or $105 per square foot), the complete asking price on the industrial building

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