21 N 12TH ST Kansas City KS 66102

The building is currently 97.5% leased and it is anchored by Vibrant Health, who recently expanded to occupy 61% of the property on a new 10 year lease (they spent approximately $1.5M in Tis).​ Vibrant Health is affiliated with Kansas University’s Health System and they are designated as a Federally Qualified Health Center for the Wyandotte County service area.​ Vibrant has already expressed interest in further expanding at the property.​ They are contractually obligated under their new lease to take over Suite 400 (an additional 24% of the building at a higher rental rate than the current tenant Swope), if that suite becomes vacant at any time over the next 10 years.​ Vibrant additionally has naming rights for the building and they recently installed exterior signage.​

This listing offers an investor an attractive yield/PPSF, with a desirable anchor tenant on a long-term lease, which provides stability and the potential for upside through Vibrant’s expansion in the property.​

• 1.5% Broker Co-op Fee
• Multi-Tenant 48,323 SF Medical Office Building | 97.5% Occupied
• 61% Leased to Vibrant Health (Affiliated w/KU) on a New 10 Year Lease
• Vibrant Health is Contractually Obligated to Lease an Additional 24% of the Property if it Becomes Vacant at Any Time Over the Next 10 Years
• Recent Major Renovations & Capital Expenditures
• Very Attractive PPSF - $145/SF