1851 Webb RdWichita, KS 67206

For Sale
$10,000,000

High-Occupancy Medical Building, Sale/Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $22.06/SF/YR lease rate.
  • 100% occupancy.
  • Lease expires 2029, with renewal options.
  • Long-term, reputable medical tenant.
  • Class A finishes.
  • Convenient K-96 highway access.

Property Details for 1851 Webb Rd

Property type
Other office properties, Medical offices
Square Feet
29,900 SF
Year Built
2003
Buildings
1

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.7169278
Longitude
-97.2271123
1851 Webb Rd, Wichita, Kansas

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1851 Webb Rd
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