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Office Building in High-Growth Area
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North Penstemon St., Wichita, KS

Office building in Wichita, Kansas, located in a high-growth area.

Space Size30,000 SF
Lot Size2.32 Acres
Days on Market2983

Property Features for North Penstemon St.

General Information

Standard status Active
Size 30,000 SF
Lot size 2.32 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at North Penstemon St. Contact us

NR14 Office Building $18 – $20/SF/Yr

Size
30,000 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
The NR14 Office building will be located in the high income, high growth area of...
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Listing Agency: Occidental Management, Inc.
Listed By: Gary Oborny · License #00052898
Source: Moodyscre
Added: Jun 21, 2018 Changed: Aug 8 Last Checked: Aug 19 at 7:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Occidental Management, Inc.

Investment Insights

Based on property information with market context.

The NR14 Office building is situated in the high-income, high-growth area of North Rock Road and 32nd Street, in the northeast part of Wichita, Kansas. The property is accessible from the controlled intersection of 32nd Street and Rock Road, located just south of the K-96 expressway, which experiences an average of 80,000 vehicles per day. The NR14 Offices building is easily accessible from all parts of Wichita. The property size is 30000 square feet.

Key Highlights

  • Located in a high‑income, high‑growth area.
  • Accessible from the controlled intersection of 32nd Street and Rock Road.
  • Close proximity to the K‑96 expressway.

Property Analytics

Current Use

Office buildings

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,074
Businesses Nearby

Market

Lease Benchmarks for Wichita, KS

$16.75 /SF/Yr
Avg Asking Price
$12.5–$26 /SF/Yr
Price Range
30,664 SF
Avg Space Size

This space is priced 7% above the average of $16.75 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building in Wichita, Kansas, located in a high-growth area.
Where is this office building located?
The property is located at North Penstemon St. Wichita, KS.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Located in a high‑income, high‑growth area.; Accessible from the controlled intersection of 32nd Street and Rock Road.; Close proximity to the K‑96 expressway.
(316) 706-1583 Call to check price and availability
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