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115-125 E Park St
9,700 SF 100% Leased Office Building Olathe, KS 66061 $1,500,000 ($155/SF) 7.51% Cap Rate
Investment Highlights
- Recent 10 YEAR Renewal State of Kansas Attorney's office. Steps from the Johnson County Kansas Courthouse and Adminstratative Offices
- Located within an Opportunity Zone! Ease of Management
Executive Summary
NOTE: THE PROPERTY CONTAINS 3 UNITS OF A 5 UNIT CONDO BUILDING; SELLER MANAGES THE CONDO ASSOCIATION.
(Seller currently self-manages the Condo Association reveiving $6,000 per year mgmt fee; Mgmt Fee Income NOT included in analysis). Tenant's Premises recently upgraded with new flooring and paint. Ample Parking via street and garage parking; no exterior common areas to maintain!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Public Administration
- -
- -
-
Lorem Ipsum
-
Jan 0000
The Board consists of nine persons appointed by the Governor and subject to confirmation by the Senate. Members are appointed for terms of three years each. In addition, per statute, the board shall consist of not more than five members who are lawyers registered with the Kansas Supreme Court, at least one lawyer member from each county in the state having a population in excess of 100,000 and at least one member from each congressional district except that two members shall be from the first congressional district.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Public Administration | - | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $237,842 (2023) | |
| Land Assessment | $27,751 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $210,091 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Presented by
115-125 E Park St
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