Listed by Berkshire Hathaway PenFed Realty
$315,000
Douglas Center
Details
APN 087-136-24-0-31-05-007.00-
Property Type Office
Sub Type Traditional Office, Office Building
Square Footage 4,600
Net Rentable (SqFt) 4,600
Units 3
Cap Rate 6.03%
NOI $19,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $68
Broker Co-Op Yes
Class C
Year Built 1965
Buildings 1
Stories 1
Acreage 0.336
Zoning Light Commercial
Investment Type Stabilized
Ownership Individual
Office | 6.03% CAP | 4,600 SqFt
Marketing description
Presenting a lucrative opportunity for office building investors, this prime property offers a 4,600 square foot building with 3 fully occupied units. Built in 1965, this well-maintained space is ideally positioned within the thriving Wichita area. Zoned LC, it provides flexibility for a variety of business purposes. With a 100% occupancy rate, this property promises immediate returns and a strong foundation for future growth. Its strategic location and solid construction make it an attractive investment for those seeking to establish or expand their presence in the thriving Wichita market. This property represents a sound investment opportunity with reliable tenants and promising potential for continued success.
Investment highlights
- 4,600 SF building
- 3 fully occupied units
- Built in 1965
- Zoned LC
- Located in Wichita area
- 100% occupancy
Listing Contacts
Listed by Berkshire Hathaway PenFed Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,000.00
$1,583.33/mo
Valuation Metrics
0
DSCR
6.03%
Cap Rate
6.03%
ROI
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