1853 Webb RdWichita, KS 67206

For Sale
$23,000,000

Six Class A medical offices, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a portfolio of six Class A medical office buildings totaling 79,529 square feet, strategically located throughout Wichita, Andover, Augusta, and Anthony, Kansas. The portfolio boasts a 100% occupancy rate with all tenants, a part of EyeCare Partners, the nation's leading provider of clinically integrated eye care, under long-term leases extending through 2029, with options for further renewal. Individual building sizes range from approximately 3,300 square feet to 30,000 square feet, all featuring Class A finishes. Built between 2000 and 2016, these properties represent a stable and high-performing investment. The asking price is $23,000,000, reflecting a compelling 6.88% capitalization rate and a price per square foot of $289.20. The portfolio benefits from premier locations within established medical corridors, ensuring consistent demand and strong rental income. This is a rare opportunity to acquire a well-established, high-quality medical office portfolio with significant long-term growth potential. The properties are offered as a portfolio, but individual purchases may be considered. The portfolio's strong tenant history, long-term leases, and prime locations make it an ideal investment for discerning buyers seeking stable returns and appreciation.

Highlights

  • Class A medical office buildings in prime Wichita, KS locations.
  • Fully occupied with leases extending through 2029, including renewal options.
  • Strong, established medical tenants.
  • 78,177 square feet total.
  • Built between 2000 and 2016.
  • $23,000,000 purchase price, 6.88% cap rate.

Property Details for 1853 Webb Rd

Property type
Other office properties, Medical offices
Square Feet
79,529 SF
Class
A
Buildings
6

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.71679368737
Longitude
-97.226211292629
1853 Webb Rd, Wichita, Kansas

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1853 Webb Rd
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