Eisenhower Medical Plaza

1004 Progress Drive, Lansing, KS

$7,855,000

Price

7.56%

Cap Rate

$593,633

NOI

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Street
Map
Overview
Cap Rate
7.56%
NOI
$593,633
Building Size
44,460 sqft
Lot Area
3.15 acres
Occupancy
93.16%
Class
B
Year Built
2006
Price Per Sqft
$164.60
Tenancy
Multiple
Floors
2
Floor
2
Description

Best in class multi-tenant medical office with a synergistic medical tenant mix anchored by HCA Midwest Healthcare

SCOTT REID
PARASELL, INC.
scott@parasellinc.com
PH: 949.942.6585
KS LIC# CO00002998

IN ASSOCIATION WITH PARASELL, INC.
P: 949.942.6585
A LICENSED KANSAS BROKER #CO00002998

Highlights
  • Value add opportunity with lease up of the remaining 13.51% of vacant space, strong demand for medical office as the subject is surrounded by multiple skilled nursing facilities and nearby major hospitals
  • 2nd floor glass-lined conference room available to all tenants and included as common area
  • Low average gross rents of $24.41 — well below replacement cost at $162/ft
  • Subject property located in affluent neighborhood — $123,978 average household incomes within a 1-mile radius
  • Situated 1.7 miles from St. John Hospital and next door to multiple 24 hour large-scale nursing homes and a rehab center, resulting in many patients seeking medical treatment at the subject property, which creates a embedded customer base and consistent demand
Documents
Title
EisenhowerMedicalPlaza_LansingKS.pdf
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Location
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