7111 21st N St Wichita, KS 67206-1090

This exceptional 39,602 square-foot medical office building in Wichita, Kansas, presents a compelling investment opportunity. Boasting an impressive 10.05% cap rate and 86% occupancy, the property features three tenants, primarily anchored by Primary Care Associates, under a triple-net (NNN) lease structure. The building, constructed in 1980 and renovated in 1996, sits on a 4.82-acre lot with ample parking (200 spaces). Recent capital expenditures exceeding $872,000 have enhanced the property, including lobby renovations, parking lot resurfacing, HVAC upgrades, and significant tenant improvement allowances. The roof, replaced in 2017, carries a warranty extending to November 2025. Strategically located on East 21st Street North, this property enjoys high visibility and accessibility, situated near major roadways including Highway 96 and just one mile from Wesley Woodlawn Hospital & ER. The property's zoning is GO, and the asking price is $6,950,000, translating to $175.50 per square foot. The substantial net operating income (NOI) of $698,742 further underscores the investment potential. This stabilized investment offers a value-add opportunity through lease-up potential and is well below replacement cost. The property's strong market fundamentals and institutional maintenance history make it an attractive acquisition for discerning investors. APN: 113070120100400, 113070120100500, 113070120100501.