8040 Parallel PkwyKansas City, KS 66112

This exceptional investment opportunity presents a stabilized, multi-tenant office complex located at 8040 Parallel Pkwy, Kansas City, KS 66112. The property, known as 8040 Office Park, comprises four buildings totaling 14,040 net rentable square feet on a 2.23-acre lot. Built in 1973 and extensively renovated in 2023, the Class C office park boasts 95% occupancy with 11 tenants, including notable businesses such as the KCK Police Department motorcycle patrol division, Alice's Bookkeeping, State Farm, and AAA Midwest Roofing. Each of the nine units features a private entrance and is completely self-contained, offering flexibility and convenience for tenants. Modern amenities include Google Fiber and other data providers readily available to each unit. Significant capital improvements have been made, including new roofs, paint, concrete, and various interior upgrades. Further improvements are currently being bid and scheduled, presenting an opportunity for potential cost savings for the new owner. The property offers 60 parking spaces and benefits from a Modified Lease Type with rent bumps in place. The current NOI is $114,683, with a pro-forma NOI of $185,560, resulting in a current cap rate of 8.19% and a pro-forma cap rate of 13.25%. The asking price is $1,400,000, translating to a price per square foot of $99.72. The property is zoned C-O and presents a compelling investment opportunity in the rapidly growing Wyandotte County area, east of I-435.