7000 W. 121st Street
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
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