For Sale
$800,000

212 Hillside St Wichita, KS 67214

Stabilized medical office investment. High ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a stabilized Class B medical office building located at 212 N Hillside St, Wichita, KS 67214. The 5,771 square foot building sits on a 0.62-acre lot and features 45 parking spaces. Currently 100% occupied by Seventh Direction, an outpatient rehabilitation provider, under a modified lease with a remaining term of approximately 1.2 years, expiring January 31, 2026. The lease commenced January 3, 2011, and includes a built-in 3% rent increase in February 2025. Built in 1981 and renovated in 2011, this single-tenant property offers a strong, consistent income stream. The property is zoned B Multi Family, LC. The asking price is $800,000, translating to $138.62 per square foot. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-located, stabilized medical office building with a proven tenant history in a growing market. Don't miss out on this chance to add a high-performing asset to your portfolio.

Highlights

  • Single-tenant, net-leased medical office building investment opportunity.
  • 5,771 square foot building occupied by Seventh Direction, an outpatient rehabilitation provider, since 2011.
  • Lease includes a 3% rent increase in February 2025.
  • Financial statements available upon request with a Non-Disclosure Agreement (NDA).

Property Details for 212 Hillside St

Property type
Office properties, Medical offices
Square Feet
5,771 SF
Class
B
Year Built/Renovated
1981/2011
Buildings
1
Lot Size (sq. ft)
27,007 SF
Units
1

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.688996657831
Longitude
-97.298954708228
212 Hillside St, Wichita, Kansas

FAQs

What type of property is this?
Office property - Stabilized medical office investment. High ROI potential.
Where is the office property located?
The property is located at 212 Hillside St Wichita, KS.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Single-tenant, net-leased medical office building investment opportunity.; 5,771 square foot building occupied by Seventh Direction, an outpatient rehabilitation provider, since 2011.; Lease includes a 3% rent increase in February 2025.
How can I contact the broker?
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212 Hillside St
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