PROPERTY SPECIFICATIONS General Property Information Property Name Executive Office Headquarters Property Address 10841 W. 87th Street, Suite 400 City Overland Park County Johnson County State Kansas Property Type Professional Office Condominium Status For Sale or Lease Building Area 2,617 Rentable Square Feet Occupancy Immediate Asking Price $499,000 Price Per Square Foot Approximately $191 Lease Rate $15.00 Per RSF Triple Net Parking Ample Surface Parking Zoning Commercial PROPERTY FEATURES This office condominium has been thoughtfully designed to provide an efficient, professional working environment while allowing flexibility for future growth and changing business needs. Reception Area An attractive reception area welcomes clients and visitors while providing a professional first impression. Executive Offices Private perimeter offices offer abundant natural light, quiet working environments, and excellent visibility throughout the suite. Conference Room A dedicated conference room accommodates client meetings, presentations, staff training, and executive planning sessions. Kitchen / Break Area Convenient employee kitchen with cabinetry, sink, and break facilities. Large Open Flex Area One of the property's strongest features is the expansive open work area measuring approximately 45 feet by 33 feet. This space offers tremendous flexibility for businesses requiring collaborative work environments or specialized operational areas. Potential uses include: • Physical Therapy • Rehabilitation • Engineering • Technology • Training Center • Education • Wellness Programs • Call Center • Corporate Collaboration • Financial Operations • Medical Support Services • General Office Unlike many office condominiums that consist primarily of enclosed offices, this flexible design allows a purchaser to customize the space to meet changing business requirements. RECENT CAPITAL IMPROVEMENTS A significant benefit of this offering is the substantial investment recently made throughout the office park. These improvements enhance appearance while reducing anticipated future capital expenditures. Recent improvements include: Site Improvements • New asphalt parking lot • Concrete replacement • ADA-compliant handicap parking improvements • Parking lot striping • Updated monument signage • Directional signage improvements Landscape Improvements • Extensive tree trimming • Landscape enhancements • Lawn sprinkler system improvements • Improved curb appeal throughout the development These recent investments provide long-term value while minimizing deferred maintenance concerns often associated with older office developments. WHY THIS PROPERTY REPRESENTS AN EXCELLENT VALUE At an asking price of $499,000, this property represents approximately $191 per rentable square foot. When compared with the cost of constructing new professional office space or leasing comparable facilities, this offering provides exceptional value. In addition to the quality improvements already completed, purchasers benefit from immediate occupancy, eliminating construction delays and minimizing tenant improvement costs. OWNERSHIP VS. LEASING ANALYSIS For many businesses, occupancy costs represent one of the largest operating expenses. Ownership converts that expense into an investment. Estimated Ownership Purchase Price $499,000 Estimated Down Payment (25%) $124,750 Estimated Loan Amount $374,250 Interest Rate (Assumed) 6.75% Amortization 25 Years Estimated Monthly Ownership Costs Expense Monthly Principal & Interest $2,560 Real Estate Taxes $564 Property Insurance $193 Common Area Maintenance $531 Estimated Monthly Ownership Cost $3,848 Estimated Monthly Lease Costs Expense Monthly Base Rent $3,271 Triple Net Expenses $1,287 Estimated Monthly Lease Cost $4,558 Estimated Monthly Savings Approximately $700 Per Month In addition to estimated monthly savings, ownership provides benefits that leasing cannot. LONG-TERM BENEFITS OF OWNERSHIP Equity Accumulation Every mortgage payment increases ownership through principal reduction. Appreciation Potential Future increases in property value belong to the owner. Stable Occupancy Costs Fixed-rate financing can provide predictable occupancy costs, unlike leases that are subject to renewal negotiations and market rent increases. Business Control Ownership provides flexibility to renovate, improve, or expand the office environment without landlord approval. Potential Tax Advantages Ownership may provide deductions for: • Mortgage Interest • Real Estate Taxes • Building Depreciation • Certain Capital Improvements Purchasers should consult their CPA regarding their specific tax situation. WHY OWNER-USERS ARE BUYING COMMERCIAL OFFICE SPACE Many successful professional firms have discovered that purchasing office space offers advantages beyond monthly cost savings. Ownership transforms occupancy costs into an investment while providing stability, financial flexibility, and long-term wealth accumulation. Businesses planning to remain in one location for five years or longer frequently find ownership to be one of their strongest long-term financial decisions. BROKER'S OBSERVATION In my opinion, this property is distinguished by three key strengths: First, the flexible floor plan accommodates a wide range of professional users without significant renovation. Second, the recent capital improvements throughout the office park reduce the likelihood of major near-term assessments, providing buyers with confidence in the property's condition. Third, the combination of competitive pricing, immediate availability, and favorable ownership economics creates an outstanding opportunity for an owner-user to acquire quality office space while building equity instead of paying rent. *Real Estate taxes are based on year 2025.