6740 W 121st Street
NEW TO MARKET: Office Investment Sale | Corporate Lakes | Overland Park, KS
Marketing description
6740 W 121 Street is an 11,257-square-foot medical office building in Overland Park, Kansas. The property is located in the Corporate Lakes Office Park and presents an opportunity to acquire a medical office investment property in a top Midwestern submarket.
Medical Tenancy
The property is currently occupied by seven medical tenants, including a primary physician group, nursing home dialysis practice, psychiatry group, and urology practice. The tenant spaces include medical buildouts with patient rooms with plumbing.
Top Location
The property is located in the Corporate Lakes Office Park, a scenic park setting and one of the most sought-after office parks in South Johnson County. The office park features a large array of medical and general office users, is well positioned between St. Luke’s South Hospital and Menorah Medical Center. The office park has 22 buildings and boasts an above market occupancy rate of 98%.
Nearby Amenities
The property is situated between the 119th Street retail corridor and the 135th Street retail corridor, both of which provide an ample number of restaurants, shopping, and hotels.
Accessibility
The property has three tenant entrances providing easy access for employees and patients. The building has 53 surface parking spaces with an above market parking ratio of 4.7 spaces per 1,000 square feet of space. The office park is also located off Blue Valley Parkway which provides immediate access to Highway 69 and Interstate 435.
Investment highlights
$1,955,000
11,257 Square Feet
8.0% Cap Rate
Fully Occupied
Medical Tenancy
Top Submarket
2004 Construction
8 Tenants
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