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5799 Broadmoor Street - Broadmoor Place, Mission, KS

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5799 Broadmoor Street - Broadmoor Place

Mission, KS 66202-2427 - Northeast Johnson County Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1986
Stories:7 Typical Floor:16,544 SF Building Size:115,811 SF
For Sale Price:$16,950,000 Price/SF:$146.36
Cap Rate:6.75 %
Parking:Free Surface spaces are available; 34 Covered spaces are available; Ratio of 3.46/1,000 SF Amenities:Energy Star Labeled

This building was awarded an Energy Star label in 2016 for its operating efficiency.

Sale Notes:
Stan Johnson Company is pleased to exclusively offer for sale the 100% fee simple interest in Broadmoor Place, a 116,923 rentable square foot, seven story office property located at 5799 Broadmoor Street in Mission, Kansas (Kansas City MSA).

Broadmoor Place is currently 100% occupied by two investment grade tenants. The primary tenant is the University of Kansas Hospital Authority with 91.6% of the rentable building area, having recently exercised a 12 year lease extension. The University of Kansas Hospital Authority (UKHA) has an S&P rating of AA-/Stable and is one of the largest employers in the Kansas City Metro Area with over 6,500 employees. UKHA uses their leased space in the property for their back end administrative functions for the University of Kansas Hospital, which is less than 6 miles away. The secondary tenant is the United States Food and Drug Administration (FDA) with 8.4% of the rentable building area. The FDA is currently on a lease that runs through May 2023.

Stan Johnson Company
Zach Harris
(918) 494-2690

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