TITLE:
STNL CLASS A INDUSTRIAL FLEX - 5 YEAR RENEWAL
CONTROL:
Exclusive
VALUE:
$2,530,357
LOAN:
$1,306,000
EQUITY:
$1,224,357
TYPE:
Industrial
HAVE:
~25K sft Class A- industrial/flex asset in Wichita, KS leased to a PE backed logistics company which recently renewed for 5 years at below market rate. STNL below replacement cost and at below market rents located in a seasoned/low inventory business park
WEBSITE URL:
ADDRESS:
3843 N Cypress Drive, Wichita, Kansas
BENEFITS TO NEW OWNER:
Credit Tenant, Minimal LL responsibilities, 85% market rent, long term tenant with options, annual bumps
GROSS SCHEDULED INCOME:
$177,134 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$177,134
EXPENSES:
$0
NOI:
$177,134
DEBT SERVICE:
$1
CASH FLOW:
$177,133
CAP RATE:
7.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,306,000
$0
0%
12/31/1969
No
BENEFITS SOUGHT:
Activate equity as extension just took place; go up into $4M+ or could go down & out; open
CAN ADD:
Cash, Signature, Property
REMARKS:
A+ location with easily replaceable rents and a long term tenant with annual bumps. ~7.5 cap over the primary term.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
