Grene Vision Group Medical Office | 1277 N Maize Rd
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Grene Vision Group Medical Office 1277 N Maize Rd
16,370 SF Office Building Wichita, KS 67212 $4,950,000 ($302/SF) 6.94% Cap Rate
Investment Highlights
- Building Square Feet: 16,370 SF
- Site Size: 94,961 SF (2.18 Acres)
- Current Base Rent: Annual - $343,602 / Monthly - $28,633/ Per SF: $20.99
- Year Built: 2014
- Located in northwest Wichita on prominent Maize Road, near residential neighborhoods
- Purchase Price: $4,950,000
Executive Summary
This Class A medical office is leased to EyeCare Partners DBA Grene Vision Group. The current tenant has leased this space for several years and has elected to renew for five more years, with more renewal options in their existing lease.
Grene Vision Group is a part of EyeCare Partners, the nation’s leading provider of clinically integrated eye care. Grene Vision Group, has served south-central Kansas for nearly 100 years and have established a tradition of professional excellence, offering services such as cataract surgery, cornea treatment, LASIK, pediatric care, optical services, cosmetic services, and more.
*This property may be purchased individually, or as part of a portfolio of six medical offices in and around Wichita, KS
Grene Vision Group is a part of EyeCare Partners, the nation’s leading provider of clinically integrated eye care. Grene Vision Group, has served south-central Kansas for nearly 100 years and have established a tradition of professional excellence, offering services such as cataract surgery, cornea treatment, LASIK, pediatric care, optical services, cosmetic services, and more.
*This property may be purchased individually, or as part of a portfolio of six medical offices in and around Wichita, KS
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,370 SF
Building Class
B
Year Built
2014
Price
$4,950,000
Price Per SF
$302
Cap Rate
6.94%
NOI
$343,602
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,370 SF
Building FAR
0.17
Lot Size
2.18 AC
Zoning
LC
Parking
89 Spaces (5.44 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 134-18-0-11-05-002.00 | Improvements Assessment | $611,800 |
| Land Assessment | $94,825 | Total Assessment | $706,625 |
PROPERTY TAXES
Parcel Number
134-18-0-11-05-002.00
Land Assessment
$94,825
Improvements Assessment
$611,800
Total Assessment
$706,625
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Grene Vision Group Medical Office | 1277 N Maize Rd
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