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801 N Mur-Len Rd

35,571 SF 93% Leased Office Building Olathe, KS 66062 $3,265,000 ($92/SF) 9.06% Cap Rate

Executive Summary

- Medical office building with complementary tenant mix
- Less than a 5-minute drive time to access I-35. Two access points off Mur-Len Rd
- Two covered entrances for easy vehicle drop off
- 5/1,000 parking ratio
- Common areas updated in 2022/23 as well as several new HVAC units
- Variety of space sizes, 972 SF – 3,500 SF, to accommodate different users needs
- Recent renewals/expansions signal tenant commitment to property

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
35,571 SF
Building Class
B
Year Built/Renovated
1988/2003
Price
$3,265,000
Price Per SF
$92
Cap Rate
9.06%
NOI
$295,660
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
35,571 SF
Slab To Slab
11’
Building FAR
0.25
Land Acres
3.29 AC
Zoning
C-2
Parking
154 Spaces (4.82 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 104
  • 4,074 SF
  • Office/Medical
  • Partial Build-Out
  • 30 Days
  • 1st Fl-Ste 107
  • 972 SF
  • Office/Medical
  • -
  • 30 Days
  • 1st Fl-Ste 111
  • 2,600 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 104 4,074 SF Office/Medical Partial Build-Out 30 Days
1st Fl-Ste 107 972 SF Office/Medical - 30 Days
1st Fl-Ste 111 2,600 SF Office - Now

1st Fl-Ste 104

Size
4,074 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
30 Days

1st Fl-Ste 107

Size
972 SF
Space Use
Office/Medical
Condition
-
Available
30 Days

1st Fl-Ste 111

Size
2,600 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 107

Size 972 SF
Space Use Office/Medical
Condition -
Available 30 Days

1st Fl-Ste 111

Size 2,600 SF
Space Use Office
Condition -
Available Now

  • Listing ID: 29654408

  • Date on Market: 9/29/2023

  • Last Updated:

  • Address: 801 N Mur-Len Rd, Olathe, KS 66062

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