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For Sale 2734 N Woodlawn Ave 11,028 SF Office Building Wichita, KS 67220 $3,255,000 ($295.16/SF) 6.50% Cap Rate
Investment Highlights
- High traffic corridor with strong demographics.
- Next to HCA Wesley Medical Center Woodlawn Campus.
Executive Summary
CAP RATE: 6.5% increasing to 6.83%
LEASE TERM
October 1, 2021 to September 30, 2026
Landlord Responsibilities: Roof & Structural Repair/Replacement
• Highly functional building purpose-built for diagnostic and imaging applications with easy conversion
opportunities for future uses.
• Excellent location with frontage along Woodlawn Avenue and access via signalized intersection.
• High traffic corridor with strong demographics
• Next to HCA Wesley Medical Center Woodlawn Campus.
LEASE TERM
October 1, 2021 to September 30, 2026
Landlord Responsibilities: Roof & Structural Repair/Replacement
• Highly functional building purpose-built for diagnostic and imaging applications with easy conversion
opportunities for future uses.
• Excellent location with frontage along Woodlawn Avenue and access via signalized intersection.
• High traffic corridor with strong demographics
• Next to HCA Wesley Medical Center Woodlawn Campus.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,028 SF
Building Class
B
Year Built
2004
Price
$3,255,000
Price Per SF
$295.16
Cap Rate
6.50%
NOI
$211,575
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,028 SF
Building FAR
0.16
Lot Size
1.61 AC
Zoning
General Office
Parking
42 Spaces (3.97 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 113-06-0-23-02-005.00 | Improvements Assessment | $614,200 |
| Land Assessment | $43,975 | Total Assessment | $658,175 |
Property Taxes
Parcel Number
113-06-0-23-02-005.00
Land Assessment
$43,975
Improvements Assessment
$614,200
Total Assessment
$658,175
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