For Sale
$1,995,000

2121 Chelsea Dr Topeka, KS 66614

Multi-tenant office building, high cap rate, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 20,790 square foot Class B office building, located at 2121 SW Chelsea Drive, Topeka, KS 66614, presents a compelling investment opportunity with a 9.00% cap rate. Currently 50% occupied, this multi-tenant property offers significant upside potential. The building features a versatile layout suitable for various office uses, including creative, medical, and traditional office spaces. Amenities include multiple entrances, spacious open bullpen areas, private offices, ample storage, dedicated meeting/training rooms, and extensive parking. A unique feature is a former recording studio boasting high ceilings and a convenient drive-in door, ideal for deliveries or specialized uses. The property's strategic location in West Topeka, near the intersection of 21st and Fairlawn, provides easy access to I-470, ensuring excellent visibility and convenient commutes. The asking price is $1,995,000, and the lease type is NNN. The existing owner may consider remaining as a tenant, or the property is well-suited for an owner-occupant. This is a rare opportunity to acquire a well-maintained, versatile office building in a desirable Topeka location.

Highlights

  • 20,790 SF Class B office building in Topeka, KS, offering a 9.00% cap rate.
  • Currently 50% occupied, presenting significant value-add potential.
  • Versatile layout suitable for various office uses, including creative, medical, and traditional office spaces.
  • Features include multiple entrances, ample parking, meeting rooms, and a former recording studio with high ceilings and a drive-in door.
  • Strategically located in West Topeka near I-470, with excellent visibility and accessibility.
  • Asking price: $1,995,000; NNN lease; owner may consider remaining as a tenant; owner-occupancy also feasible.

Property Details for 2121 Chelsea Dr

Property type
Office properties, Medical offices
Square Feet
20,790 SF
Class
B

Location Insight

City
Topeka
County
Shawnee
State
Kansas
Latitude
39.0273868
Longitude
-95.7483317
2121 Chelsea Dr, Topeka, Kansas

FAQs

What type of property is this?
Office property - Multi-tenant office building, high cap rate, excellent location.
Where is the office property located?
The property is located at 2121 Chelsea Dr Topeka, KS.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 20,790 SF Class B office building in Topeka, KS, offering a 9.00% cap rate.; Currently 50% occupied, presenting significant value-add potential.; Versatile layout suitable for various office uses, including creative, medical, and traditional office spaces.
How can I contact the broker?
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2121 Chelsea Dr
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