State of Kansas Office Building

Office for Sale
Catylist Listing ID: 30655365
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 5,776 SF
Gross Building Area: See Agent
Sale Price: $655,000
Unit Price: $113.40 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/2/2020

Overview / Comments

1 block off Main Street
Fully occupied, single-tenant investment opportunity
15 years lease term with the State of Kansas. 12 years remaining on initial term.
Complete renovation in 2016
Front door parking
NOI $ 58,327.50 / yr.

Current Tenants

Tenant Business Name State of Kansas Department of Children & Family
Tenant Notes 12 years remaining on 15 year term

Additional Details

Nearest MSA: McPherson
County: McPherson
Tax ID/APN: 0591382802027007000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,829 13,640 13,640
Median Age: 37.98 39.85 39.85
Households: 3,182 5,703 5,703
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