Southpark Commons 5 Office Properties Offered at $1,990,000 in Olathe, KS
EXECUTIVE SUMMARY
Southpark Commons presents an exceptional investment opportunity in the thriving Olathe, Kansas market. This stabilized commercial property offers a strong current occupancy rate of 92%, generating a solid Net Operating Income (NOI) of $179,097. Priced competitively at $1,990,000, the property promises immediate cash flow with significant upside potential.
One remaining 2,439 SF vacancy, in excellent move-in-ready condition, offers an exciting opportunity for future growth. At a market rental rate of $14 Net, filling this space could increase the property’s NOI to an impressive $213,243, enhancing its already attractive returns. Southpark Commons is a rare chance to secure a high-performing asset with room for further value creation.
Please contact agents for additional information.
One remaining 2,439 SF vacancy, in excellent move-in-ready condition, offers an exciting opportunity for future growth. At a market rental rate of $14 Net, filling this space could increase the property’s NOI to an impressive $213,243, enhancing its already attractive returns. Southpark Commons is a rare chance to secure a high-performing asset with room for further value creation.
Please contact agents for additional information.
PROPERTY FACTS
| Price | $1,990,000 |
| Price / SF | $56.02 / SF |
| Cap Rate | 9% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 35,525 SF |
| Total Land Area | 17.55 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1337 S Fountain Dr, Olathe, KS 66061 | Office | 12,510 SF | - | - |
| 1325-1327 S Fountain Dr, Olathe, KS 66061 | Office | 3,980 SF | 1990 | - |
| 1315-1317 S Fountain Dr, Olathe, KS 66061 | Office | 4,921 SF | 1991 | - |
| 1349 S Fountain Dr, Olathe, KS 66061 | Office | 6,959 SF | 1990 | - |
| 1305-1309 S Fountain Dr, Olathe, KS 66061 | Office | 7,155 SF | 1990 | - |
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