Multi-Tenant Office Building for Sale

Office for Sale
Catylist Listing ID: 30293941
Property Subtypes: Office Building
Building Size (RSF): 9,680 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $1,500,000
Unit Price: $154.96 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: 10.0%
Last Updated: 12/13/2018

Overview / Comments

- CAP Rate: 10% on actuals

- Vacancies:
Suite 104: 1,472 sq. ft.
Suite 107: 1,337 sq. ft.

- 2017 Taxes: $32,743.40 generals
$4,902.81 specials (pay off 2018)
$5.58 solid waste fee

- Parking: 32 stalls with 2 ADA stalls

- Building Tenants: Dr. Fetzik (Family Dentistry), CD Investment Group, Edward Jones, Lee Ann Batt & Financial Benefits.

• Area Neighbors: Dillons, Best Buy, BurgerFi, Longhorn Steakhouse, Olive Garden, On The Border, Eddie Bauer, Old Navy, Men’s Warehouse, Buffalo Wild Wings, Lowe’s, Super

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Zoning: NEIGHBORHOOD OFFICE
Property Located Between: 21st & 29th
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,680 SF
Year Built: 2006
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,354 56,531 112,582
Median Age: 35.61 38.23 37.6
Households: 3,193 21,525 43,645
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