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3802 S Santa Fe Ave

4,460 SF Office Building Chanute, KS 66720 $348,000 ($78/SF) 11.49% Cap Rate

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Investment Highlights

Great Floor Plan
Well Maintained Building

Good Location

Executive Summary

INCOME PRODUCING PROPERTY Prime investment property with this modern office building in Chanute, Kansas, located in a convenient location on South Santa Fe. This 4,460 sq. ft. property boasts a smart floor plan featuring a welcoming reception area, spacious break room, and multiple offices. The building is currently occupied by a long-term tenant with four years remaining on their lease, ensuring a steady income stream for the foreseeable future. This strategic investment offers immediate returns and potential for future growth. Don't miss out on securing a stable asset in a vibrant area. Contact us today to explore this lucrative opportunity!

Home Team Properties_Revised Second Amendment to Commercial Lease Agreement_TFIFS_Chanute_May 2024_Signed

Lease Agreement draft For Travis West

Extension of TFI lease

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$46,560	$10.44
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$46,560	$10.44
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$6,560	$1.47
Net Operating Income	$40,000	$8.97

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$46,560
Annual Per SF	$10.44

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$46,560
Annual Per SF	$10.44

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$6,560
Annual Per SF	$1.47

Net Operating Income
Annual	$40,000
Annual Per SF	$8.97

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

4,460 SF

Building Class

Year Built

1981

Price

$348,000

Price Per SF

$78

Cap Rate

11.49%

NOI

$40,000

Tenancy

Single

Building Height

1 Story

Typical Floor Size

4,460 SF

Building FAR

0.11

Land Acres

0.91 AC

Parking

30 Spaces (6.73 Spaces per 1,000 SF Leased)

Amenities

Skylights
Central Heating

Partitioned Offices

Reception

Air Conditioning

MAJOR TENANTS

Health Care and Social Assistance
4,460 SF
$0.87
Triple Net
Aug 2027

TFI is a leading child welfare agency providing experience, compassion, quality services and care. Their strength as an organization lies in the fact that they do what is best for children and families. TFI continues to create new resources and develop innovative solutions as they work to meet the needs of families and children. They provide various types of services to the community including foster and kinship care, domestic and international adoption, counseling support and education, TIPS-MAPP training and visitation and exchange centers. TFI is the parent company providing services in Kansas and Nebraska. They expanded their service area through their affiliates: TFI Oklahoma and TFI Texas. Pathway Family Services is an affiliate in Kansas offering additional services to youth and families.