TITLE:
Topeka Medical Building
CONTROL:
Exclusive
VALUE:
$1,250,000
LOAN:
$0
EQUITY:
$1,250,000
TYPE:
Office Building
HAVE:
7040 sq ft +/- , built in 2000, partially remodeled in 2008, zone C-4, medical office, general office, or co-working bldg., can be divided into 1-4 tenants, close proximity to KU Health, Kansas Rehab Hospital, Stormont Vail, Saint Francis Cardio Thoracic
ADDRESS:
1315 SW 6th Avenue, Topeka, Kansas
BENEFITS TO NEW OWNER:
Turn key medical building ready to rent. Building is good condition.
GROSS SCHEDULED INCOME:
$143,052 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$143,052
EXPENSES:
$37,516
NOI:
$105,536
DEBT SERVICE:
$0
CASH FLOW:
$105,536
CAP RATE:
8.44%
BENEFITS SOUGHT:
Lease up the building and sell
CAN ADD:
Would consider seller financing with substantial down payment
REMARKS:
New roof in 2020. Phase I from 2008 available.
COUNSELOR:
Pierre Heidrich
Bi-State Realty Group, LLC
751 NE Anderson Ln
Lees Summit, Missouri, 64064
