7000 W 121st St - Medical FOR SALE


Overland Park, KS 66209
$1,625,000 USD
816-556-1109
7000 W 121st St, Overland Park, KS for Sale
$1,625,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

7000 W 121st St
Overland Park, KS 66209


HIGHLIGHTS

  • Available Square Feet: 0
  • Occupancy: 100%
  • Year Built: 1988
  • Floors: 2
  • Suites: 4
  • Parking Ratio: 4.14/1,000 SF

OVERVIEW

7000 W. 121st Street (the “Property”) is a 14,078-square-foot Class B medical office building offering a strong and diversified tenant mix. The Property is strategically located at the entrance to the Corporate Lakes office park at the signalized intersection of 121st Street and Metcalf Avenue, providing excellent visibility and accessibility within a dense, affluent Johnson County submarket. The building is fully leased to four established medical practices, providing stable, healthcare-oriented cash flow supported by recession-resistant tenancy. The Property features prominent monument signage and ample parking to accommodate patient traffic. Currently 100% leased with a weighted average lease term (WALT) of approximately 2.5 years, the Property offers investors both in-place income and the opportunity to enhance value through upcoming lease rollover and potential mark-to-market of rents.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Lakes Professional Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

CP-O

APN/PARCEL ID

NP13100000-0002

ASK ABOUT THIS PROPERTY

Jeff WintersColliersMore Info
816-556-1109

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Jeff WintersColliersMore Info
816-556-1109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.