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429 S 119th St W 5,000 SF 100% Leased Office Building Wichita, KS 67235 $1,850,000 ($370/SF)
EXECUTIVE SUMMARY
OFFERED AS A PRIME INVESTMENT OPPORTUNITY -- FULLY LEASED OFFICE. This impressive all brick building, constructed in 2018, offers nearly 13,500 SF of total rentable space (9,996 SF on the main level plus 3,500 SF finished basement) and features energy-efficient windows, foamed attic insulation, and professionally landscaped grounds with a serene pond and fountains. Situated in a high-growth commercial corridor, the property boasts excellent visibility and accessibility, making it a strategic location for current long-term tenants and investors. .
Tenant Roster & Income:
*Suite 101: Meridian Title – Month-to-month at $2,558 per month
*Suite 105: Keller Williams Hometown Partners – 3-month lease at $10,630 per month with optional 3-month extension (tenant covers all utilities, cleaning & maintenance)
*Suite 109: Guild Mortgage – 3-year lease at $2,750 per month
*Total Gross Rent: $15,938/month ($191K annually)
With low operating costs, a stable income stream, and flexible tenancy terms, this property is perfect for investors seeking turnkey cash flow or businesses planning for future owner-occupancy.
Tenant Roster & Income:
*Suite 101: Meridian Title – Month-to-month at $2,558 per month
*Suite 105: Keller Williams Hometown Partners – 3-month lease at $10,630 per month with optional 3-month extension (tenant covers all utilities, cleaning & maintenance)
*Suite 109: Guild Mortgage – 3-year lease at $2,750 per month
*Total Gross Rent: $15,938/month ($191K annually)
With low operating costs, a stable income stream, and flexible tenancy terms, this property is perfect for investors seeking turnkey cash flow or businesses planning for future owner-occupancy.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Office
Building Size
5,000 SF
Building Class
B
Year Built
2017
Price
$1,850,000
Price Per SF
$370
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.14
Lot Size
0.84 AC
Zoning
LC
1 1
PROPERTY TAXES
| Parcel Number | 147-25-0-11-02-005.01 | Improvements Assessment | $398,575 |
| Land Assessment | $43,525 | Total Assessment | $442,100 |
PROPERTY TAXES
Parcel Number
147-25-0-11-02-005.01
Land Assessment
$43,525
Improvements Assessment
$398,575
Total Assessment
$442,100
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429 S 119th St W
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