1851 Webb RdWichita, KS 67206

Property Details for 1851 Webb Rd

Year built

2003

Construction

FRAME

Lot size

3.02 AC

Property size (Sq ft)

30,156 SF

Property type

Medical offices

Property subtype

Medical centers

APN

087-113-08-0-14-02-008.00

APU

87113080140200800

Description

This exceptional investment opportunity presents a 29,900 square foot, Class A medical office building located at 1851 North Webb Rd, Wichita, Kansas, 67206. The property, built in 2003 and situated on a 131,558 square foot lot, boasts 100% occupancy with a strong, established medical tenant under a lease extending through 2029, with options for further renewal. The asking price is $10,000,000, translating to a price per square foot of $334.45. The building features modern finishes and benefits from convenient access to Highway K-96 and nearby restaurants. The lease provides a stable income stream with a rate of $22.06 per square foot per year. The property is zoned for general office use and offers a compelling sale-leaseback structure. The current occupancy is 100%, with the lease expiration date set for August 15, 2024. This presents a rare opportunity to acquire a high-performing medical office building in a desirable Wichita location with a long-term, reliable tenant. The property's strong financials and prime location make it an ideal addition to any investment portfolio. This is a turnkey investment with minimal vacancy risk and a proven track record of success. The building's modern design and convenient location ensure continued high demand and strong rental income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,211,517

  6.5%

  $4,810,631

  7%

  $4,467,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,157,059

  Geo Method

  $2,157,059

• Alternative Use

  Use

  Valuation

  Residential

  $5,965,182

  Hospitality

  $5,464,075

  Educational

  $4,546,046

  Medical

  $4,702,392

  Retail

  $7,071,628

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7169

Longitude

-97.2271

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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