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34330518
34330515

7000 W. 121st Street, Leawood, KS 66209-2008 For Sale

CS
KS KS 2022041492
Colliers - Kansas City, Missouri
Colliers - Kansas City, Missouri
Listed by Colliers - Kansas City, Missouri
$1,625,000
8 days on market
Updated 8 days ago

7000 W. 121st Street

Details
Property Type Office
Sub Type Medical Office
Square Footage 14,078
Units 4
NOI $120,862
Occupancy 100%
Tenancy Multi
Class B
Year Built 1988
Stories 2
Parking Spaces 4.14 per 1,000 sq ft
Investment Type Stabilized

Fully Leased Investment Opportunity

Marketing description

7000 W. 121st Street (the “Property”) is a 14,078-square-foot Class B medical office building offering a strong and diversified tenant mix. The Property is strategically located at the entrance to the Corporate Lakes office park at the signalized intersection of 121st Street and Metcalf Avenue, providing excellent visibility and accessibility within a dense, affluent Johnson County submarket.

The building is fully leased to four established medical practices, providing stable, healthcare-oriented cash flow supported by recession-resistant tenancy. The Property features prominent monument signage and ample parking to accommodate patient traffic.

Currently 100% leased with a weighted average lease term (WALT) of approximately 2.5 years, the Property offers investors both in-place income and the opportunity to enhance value through upcoming lease rollover and potential mark-to-market of rents.

Investment highlights

  • Sale Price: $1,625,000
  • Total Square Feet: 14,078
  • Available Square Feet: 0
  • Occupancy: 100%
  • Year Built: 1988
  • Floors: 2
  • Suites: 4
  • Parking Ratio: 4.14/1,000 SF

Listing Contacts

CS
KS KS 2022041492
Colliers - Kansas City, Missouri
Colliers - Kansas City, Missouri
Listed by Colliers - Kansas City, Missouri

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,862.00
$10,071.83/mo

Valuation Metrics

0
DSCR
7.44%
Cap Rate
7.44%
ROI

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Additional Information

Name
Carson St Clair
License
KS 2022041492
Brokerage
Colliers International
Title
Associate Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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