TITLE:
WACO RIVERFRONT PLAZA
CONTROL:
Exclusive
VALUE:
$1,750,000
LOAN:
$815,561
EQUITY:
$934,439
TYPE:
Office Building
HAVE:
Fully occupied office building near CBD & Riverside Park. 8.79% cap, $153K+ NOI, turnkey investment at $1.75M. 807-815 N Waco Ave, Wichita, KS. Currently leases one of the 15 offices, willing to do a sale lease-back.
ADDRESS:
815 N WACO AVE, WICHITA, Kansas
BENEFITS TO NEW OWNER:
100% OCCUPIED, stabilized asset
 (1).jpg "WACO RIVERFRONT PLAZA")
 (1).JPG "WACO RIVERFRONT PLAZA")
 (1).JPG "WACO RIVERFRONT PLAZA")
.JPG "WACO RIVERFRONT PLAZA")
 (1).JPG "WACO RIVERFRONT PLAZA")
 (1).JPG "WACO RIVERFRONT PLAZA")
GROSS SCHEDULED INCOME:
$222,433 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$222,433
EXPENSES:
$68,571
NOI:
$153,862
DEBT SERVICE:
$117,241
CASH FLOW:
$36,621
CAP RATE:
8.79%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$815,561
$9,770
7%
04/10/2043
No
BENEFITS SOUGHT:
client wants to buy out business partner and expand into space large enough to accommodate his healthcare business
COUNSELOR:
Johanna Kellner-Ledesma
Sperry Ad Astra Commercial
248 W Greenway St.
Derby, Kansas, 67037
