TITLE:
F&C Class A Office Building - Vacant
CONTROL:
Exclusive
VALUE:
$2,100,000
LOAN:
$0
EQUITY:
$2,100,000
TYPE:
Office Building
HAVE:
7K SFT Class A office building built in 2017 featuring offices, bar, kitchen, entertainment space, outdoor seating on a pond. "Creme de la Creme" of Wichita office space. Sellers built it, over built, now have no use for the property.
ADDRESS:
13207 W 21st St N, Wichita, Kansas
BENEFITS TO NEW OWNER:
Free & Clear, Class A, limited office supply in west Wichita, never been marketed for lease.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$100,000
NOI:
$-100,000
DEBT SERVICE:
$0
CASH FLOW:
$-100,000
CAP RATE:
0.00%
BENEFITS SOUGHT:
No use for this asset, would like to trade up into income, down into something else, could seller finance, etc.
CAN ADD:
Cash, Signature
REMARKS:
Very bankable. Adjacent 1.5 acre parcel ($300K) could be included. Taking a $800K+ haircut at list.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
