Iconic Douglas Design District Building

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30554769
Property Subtypes: Flex Space, Office Building
Status: Pending/Contingent
Building Size (RSF): 28,400 SF
Gross Building Area: See Agent
Sale Price: $2,950,000
Unit Price: $103.87 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/4/2020

Overview / Comments

Iconic building located in the heart of the energetic Douglas Design District, on Douglas Ave., offering and excellent opportunity for an owner occupant/investor.
The City of Wichita and the area property owners continue to invest in the infrastructure of this up and coming District.
Excellent access to the First St./Second St. and I-135 (Canal Route) Interchanges and the Washington Ave. and Kellogg Ave. (U.S. Highway 54/400) Interchange.
Free standing, three story office building.
A promising opportunity for re-positioning of the main floor office space into modern, industrial style, high-visibility retail space.
Rare private parking lots containing thirty-seven (37) dedicated off-street private parking stalls combined with sixteen (16) diagonal stalls along Douglas.
New HVAC units in 2014 & 2017
Partial roof replacement in 2019

Current Tenants

Tenant Business Name 3D-X Energy
SF of Space Occupied 2,578 SF
Tenant Business Name Greteman Group
Is Renting? Yes
SF of Space Occupied 9,243 SF

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087125210410300100
Zoning: CBD
Property Visibility: Excellent
Area Description: Douglas Design District
Number of Stories: 3
Year Built: 1915
Year Renovated: 2014
Construction/Siding: Brick, Stucco
Parking Type: Surface
Parking Description: Rare private parking lots containing 37 dedicated off-street parking stalls combined with 16 diagonal stalls along Douglas.
Total Parking Spaces: 53
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,535 136,730 260,788
Median Age: 31.48 32.83 34
Households: 5,086 55,851 106,789
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