Mulberry Place Office Center 612-624 N Mulberry Rd 9,398 SF 100% Leased Office Building Derby, KS 67037 $1,650,000 ($175.57/SF) 8% Cap Rate

Mulberry Place Office Center presents the opportunity to acquire a fully leased multi-tenant office investment in Derby, Kansas. The property consists of two single-story office buildings totaling 9,398 square feet and is configured with six professional office suites serving a diverse office tenant base. Built in 2001 and situated on approximately 1.23 acres, the asset benefits from established occupancy, surface parking, monument signage, and a layout designed to accommodate professional office users.
Positioned near the signalized intersection of Rock Road and Madison Avenue, the property enjoys direct visibility within one of Derby's established commercial corridors. Its location across from Derby City Hall places the asset within close proximity to municipal services, retail businesses, restaurants, financial institutions, schools, and other daily-use amenities that support tenant retention and long-term occupancy. The surrounding commercial environment contributes to consistent business activity and accessibility for both employees and visitors.
The property includes 62 surface parking spaces, providing convenient access for tenants and guests. With 100% occupancy and an established tenant roster, the asset offers in-place income supported by a well-maintained office environment. Derby's connection to the greater Wichita metropolitan area further enhances the property's appeal by providing access to a broad workforce and regional business base.
For investors seeking an office asset with stabilized occupancy, established tenancy, and a location integrated within a mature commercial district, Mulberry Place offers a compelling opportunity for long-term ownership.