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High Income Producing Westwood Colonial Bldg 4800 Rainbow Blvd 10,920 SF 100% Leased Office Building Westwood, KS 66205 $1,795,000 ($164.38/SF) 6.57% Cap Rate
Investment Highlights
- Turn-Key Asset with Capital Growth
- Medical Hub Proximity
- Owner-User Potential
- Irreplaceable Prime Location; High-Visibility Frontage
- ?Strong Income History
Executive Summary
Irreplaceable Prime Location
- High-Visibility Frontage: Situated prominently on Rainbow Blvd with high daily traffic counts.
- Medical Hub Proximity: Flanked to the north and south by the rapidly expanding University of Kansas Medical Center (KU Med).
- Target Demographics: Perfectly positioned within a high-density legal, medical, and professional submarket.
Turn-Key Asset with Capital Growth
- Move-In Ready: Professionally maintained asset featuring extensive recent capital improvements.
- Owner-User Potential: Ideal layout for a business owner wanting to occupy a portion while collecting rent from existing tenants.
- Strong Income History: Established, reliable revenue stream from a diverse multi-tenant user base.
Substantial Value-Add Upside
-Forced Appreciation: Immediate potential to optimize rental rates to current market values as existing leases turn over.
-Flexible Zoning/Use: Perfectly suited for standard professional offices, medical practitioners, or specialized clinical services.
-Growth Corridor: Positioned in an area built for consistent, long-term asset appreciation.
- High-Visibility Frontage: Situated prominently on Rainbow Blvd with high daily traffic counts.
- Medical Hub Proximity: Flanked to the north and south by the rapidly expanding University of Kansas Medical Center (KU Med).
- Target Demographics: Perfectly positioned within a high-density legal, medical, and professional submarket.
Turn-Key Asset with Capital Growth
- Move-In Ready: Professionally maintained asset featuring extensive recent capital improvements.
- Owner-User Potential: Ideal layout for a business owner wanting to occupy a portion while collecting rent from existing tenants.
- Strong Income History: Established, reliable revenue stream from a diverse multi-tenant user base.
Substantial Value-Add Upside
-Forced Appreciation: Immediate potential to optimize rental rates to current market values as existing leases turn over.
-Flexible Zoning/Use: Perfectly suited for standard professional offices, medical practitioners, or specialized clinical services.
-Growth Corridor: Positioned in an area built for consistent, long-term asset appreciation.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,920 SF
Building Class
C
Year Built
1966
Price
$1,795,000
Price Per SF
$164.38
Cap Rate
6.57%
NOI
$117,855
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,640 SF
Slab To Slab
11’
Building FAR
0.81
Lot Size
0.31 AC
Zoning
C1 - CO Commercial/Office City of Westwood Ks
Parking
30 Spaces (2.75 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | RP66100000-0001 | Improvements Assessment | $134,415 |
| Land Assessment | $22,835 | Total Assessment | $157,250 |
Property Taxes
Parcel Number
RP66100000-0001
Land Assessment
$22,835
Improvements Assessment
$134,415
Total Assessment
$157,250
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High Income Producing Westwood Colonial Bldg | 4800 Rainbow Blvd