7400 129Th StOverland Park, KS 66213

For Sale
Call for price

Class A, 39,455 SF, Stable Income

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A medical office building, totaling 39,455 square feet, is situated in the highly desirable Deercreek Commons in Overland Park, Kansas, zip code 66213. Built in 1998, this two-story building boasts a 91% occupancy rate with a weighted average lease term (WALT) of 5.1 years, ensuring a stable cash flow. The property features high-caliber tenants, including a major pediatric practice with a long-term lease. The building includes modern finishes, upgraded mechanical systems (five of seven within the last five years), LED lighting, and a 100KW generator. Common areas have been recently renovated, featuring granite countertops and modern fixtures. Security is enhanced by card key access and a comprehensive wet sprinkler system. The building offers ample parking with a 4 per thousand ratio. Located in the strongest office submarket in metropolitan Kansas City, this property benefits from its proximity to executive housing, high-end restaurants, retail amenities, and top-rated schools. The 3,407 square foot vacancy presents an opportunity for owner-occupancy or lease to a new tenant. This investment is well-positioned to benefit from the ongoing "flight to quality" trend in the Kansas City office market. The property's location in Johnson County, the most populous and prosperous county in Kansas, ensures long-term value and strong tenant demand.

Highlights

  • Class A office building, 1998 construction, featuring modern finishes, high power capacity (100kW generator), updated restrooms, card key access, wet sprinkler system, LED lighting upgrades, and recent interior renovations. Five of seven mechanical systems upgraded within the last five years. 4/1000 parking ratio.
  • Stable tenancy with four long-term, high-quality tenants, including Children's Mercy Pediatric Associates (11+ years remaining on lease with annual rent increases), HNTB, and Endure Energy (each over 10 years). One 3,407 sq ft vacancy.
  • Well-positioned to benefit from the "flight to quality" trend in the Kansas City office market due to its Class A status, suite sizes, and infrastructure.
  • Excellent South Johnson County location near executive housing, top-rated schools, and strong demographics. Close proximity to over 2.5 MSF of retail and entertainment on the 135th Street corridor. Located in Overland Park, the second largest city in Kansas, within Johnson County (approaching 200,000 population), a major employment center.

Property Details for 7400 129Th St

Property type
Other office properties, Medical offices
Square Feet
39,455 SF
Class
A
Year Built
1998

Location Insight

City
Overland Park
County
Johnson
State
Kansas
Latitude
38.8960027
Longitude
-94.6719207
7400 129Th St, Overland Park, Kansas

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7400 129Th St
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