-- Logan Freeman and Nathan Roberts of Midwest CRE Advisors sold 2001 E. 19th Street in Lawrence, Kansas for $2,987,500, closing $37,500 above the asking price after a compressed 14-day marketing campaign produced 7 fully underwritten competing offers. Hampton Partners, a Denver-based private equity real estate firm specializing in industrial outdoor storage, acquired the asset.
The property consists of two industrial warehouse buildings totaling 19,500 square feet on nearly 9 acres of fenced, gravel outdoor storage land, located within a Kansas Qualified Opportunity Zone.
Two tenants occupied the property at the time of sale: Kennedy Glass (KGP, LLC), in the 14,500-square-foot eastern building under a modified-gross lease through July 2028, and Dynamic Dedicated, in the 5,000-square-foot western building with exclusive use of 6 acres of yard storage.
Industrial outdoor storage ranks among the most aggressively pursued asset classes across the Midwest. Lawrence sits between Kansas City and Topeka on Interstate 70, a primary logistics corridor where near-zero industrial vacancy and limited developable supply drive IOS rents 15 to 20 percent above Kansas City metro benchmarks. Fenced, gravel outdoor storage sites in this corridor are functionally irreplaceable. New supply cannot be created without rezoning and permitting timelines that take years, not months.
Freeman and Roberts structured the sale around a compressed 14-day call-for-offers window, using targeted positioning and multi-channel outreach to create active competition rather than passive exposure. The campaign produced:
- 50,000-plus LinkedIn impressions through organic content distribution
- 8,600-plus listing views across CREXI and LoopNet
- 40-plus signed confidentiality agreements from qualified investors
- 15 direct inbound leads from regional and national capital sources
- 7 fully underwritten competing offers at the close of the call-for-offers deadline
“We are thrilled to acquire 2001 E. 19th Street. The property's expansive yard is unique within Lawrence and offers an essential amenity to a number of users. We appreciate the guidance of Logan Freeman and Nathan Roberts with Midwest CRE Advisors in getting us through the transaction. Our deal team included Tucker Robinson, Jeff Robinson, Pat Pritchard, and Lindsay Drakos.”
The property's Qualified Opportunity Zone designation gave qualified investors access to substantial tax advantages:
- Capital gains deferral until 2026 or sale of the QOZ investment
- Basis step-up of 10 percent after 5 years and 15 percent after 7 years for pre-2027 investments
- Tax-free appreciation on QOZ investment held 10 or more years
For qualified buyers, these benefits supported valuations running 5 to 10 percent above standard market pricing, strengthening the seller's negotiating position throughout the offer process.
"Speed in this market is earned," Freeman said. "When you understand the scarcity dynamics, structure the positioning correctly, and compress the timeline with real buyer urgency, competition follows. This seller received seven offers and closed above asking because the process was built to create that outcome."
The seller, a repeat Midwest CRE Advisors client whose 36-unit multifamily property the same team sold less than one year prior, described the transaction as one of the five easiest deals across more than 100 completed. "This just showed me we picked the right shop."
The transaction closed in 77 days from listing to close with all 7 offers in hand within the first 14. For full transaction details, visit: https://www.mwcreadvisors.com/client-success-stories
About Hampton Partners
Hampton Partners is a Denver-based private equity real estate investment firm with more than $200 million in owned and managed assets and over $1 billion in structured investments. The firm focuses on value-driven acquisitions of industrial outdoor storage properties across key logistics markets nationwide.
About Midwest CRE Advisors
Midwest CRE Advisors is a commercial real estate brokerage firm specializing in investment sales, strategic asset positioning, and complex transaction execution across the Midwest. The firm focuses on disciplined market exposure, adaptive pricing strategy, and active deal management to deliver measurable results for property owners and investors. Managing Broker Logan Freeman has executed more than $450 million in CRE transactions and is recognized as a leading voice on AI integration, digital strategy, and community-driven brokerage.
Contact Info:
Name: Logan Freeman
Email: Send Email
Organization: Midwest CRE Advisors
Address: 15245 Metcalf Ave, Overland Park, KS 66223
Phone: (913) 647-5700
Website: https://mwcreadvisors.com/
Release ID: 89193730
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