5,001 - 10,000

Sqft

Property Description

Commercial office space for Sale. Great opportunity for a 1031 Exchange, owner occupied office, or an investment! Built in 2001 with great quality and in a great location. Madison and Rock intersection has 28,000+ traffic count daily. Site is 53,384 sq ft or 1.23 acres and includes two separate office buildings that house 6 individual spaces. Building #1 is 5,292 sq ft and building #2 is 4,106 sq ft. 65 total parking spaces. Long-term tenants include: American Family, Edward Jones, Premier Global Corp, Kemp Construction/Fairway Mortgage, Wheatland Acupuncture, and Shearmania Hair Salon. CAP Rate: 7.61% Rent Revenue: $152,412/yr -2018 Property Taxes: $39,076/yr -Insurance: $2,233/yr -Utilities: $4,500/yr Derby-Award Winning Community. Over the years, Derby has a received number of recognition’s for its aquatic park, Rock River Rapids, and for being a great place to retire and find affordable housing. Derby has experienced 44% growth since 2010. Ranked #4 “best cities to buy a home in the U.S.”, ranked #6 for “Most successful cities in Kansas”, and ranked #3 for “Safest cities in Kansas”.

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