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524 S Main St 3,741 SF Office Building Ulysses, KS 67880 $460,000 ($122.96/SF) 7.92% Cap Rate
Investment Highlights
- Long-standing strong credit tenant: The U.S. Department of Agriculture (USDA) has occupied the property since it was constructed in 1990.
- The landlord is responsible for property taxes, insurance, utilities, janitorial services, restroom supplies, and building maintenance
- The tenant pays $19.44/SF for 3,026 net rentable square feet.
Executive Summary
The USDA (United States Department of Agriculture) is a U.S. federal government department responsible for agriculture, food, nutrition, rural development, forestry, and related areas. USDA Service Centers are local offices that provide farmers, ranchers, and agricultural producers with convenient access to USDA programs, services, loans, conservation assistance, and other federal agricultural resources.
The Ulysses Service Center is strategically located in Grant County, where agriculture is a significant part of the local and regional economy, providing USDA with a long-established presence in the agricultural community it serves.
Ulysses is the county seat of Grant County and serves as a regional center for agriculture.
The property is situated in the heart of downtown Ulysses along Main Street.
The Ulysses Service Center is strategically located in Grant County, where agriculture is a significant part of the local and regional economy, providing USDA with a long-established presence in the agricultural community it serves.
Ulysses is the county seat of Grant County and serves as a regional center for agriculture.
The property is situated in the heart of downtown Ulysses along Main Street.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,741 SF
Building Class
C
Year Built
1990
Price
$460,000
Price Per SF
$122.96
Cap Rate
7.92%
NOI
$36,434
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,741 SF
Building FAR
0.09
Lot Size
1.00 AC
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0683402002006010 | Improvements Assessment | $36,805 |
| Land Assessment | $4,183 | Total Assessment | $40,988 |
Property Taxes
Parcel Number
0683402002006010
Land Assessment
$4,183
Improvements Assessment
$36,805
Total Assessment
$40,988
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Contact the Sale Advisor
524 S Main St