OFFICE BUILDING FOR SALE / LEASEBACK

Transcription

1 OFFICE BUILDING FOR SALE / LEASEBACK Riverview Building / Class A Of ice Property BUILDING ADDRESS 345 N. Riverview (Near 3rd & Waco), BUILDING SIZE 80,245 sq. ft. GA 75,035 sq. ft. RA 71,413 sq. ft. UA FLOOR PLATES 7 loors / 11,500 sq. ft. per loor Plus lower level 2013 REAL ESTATE TAXES $127, general ($1.67 psf) $5.46 special BUILT 1982 OCCUPANCY 100% Leased Page 1 of 5 COMMENTS Building meeting room (70 seating capacity) Monument street sign for tenants Edge of downtown On-site parking / 330 spaces (including 40 visitors) Close proximity to City Hall, Courthouses and Century II Convention Center MASTER LEASE Entire building to be master leased by seller, The Law Company $480,000 annually ($40,000 mo.) SALE PRICE $6,000,000 ($74.77 psf/8% cap rate) MAJOR TENANTS The Law Company LawKingdon Architects CDM Smith (Engineers) Gutschenritter & Johnson (CPA)

2 Riverview Building INVESTMENT HIGHLIGHTS Opportunity to acquire a Master Leased Class A of ice building in a central location. An annual net income stream of $480,000 ($40,000 mo.) is guaranteed by a master lease from The Law Company for a period of ive years. The Law Company will handle all leasing, maintenance, management responsibilities and costs during the ive year period. Buyer will not incur any costs during the Master Lease term. The property has 15 tenants and is 100% occupied. The Law Company & LawKingdon Architecture occupy approximately 45% of the building. The building has been well maintained by the owner. It was designed by LawKingdon Architecture and built by The Law Company, occupants of the building. Income, expense and capital investment history of the building is available as part of the due diligence process. Page 2 of 5 NOTE: This transaction is subject to the terms of a inancing agreement which includes a right of irst refusal. Terms of that agreement are available as part of the due diligence package.

3 Riverview Building RIVERVIEW BUILDING RIVER with WALKING and BIKING PATHS WICHITA VETERAN S MEMORIAL PARK Other area attractions within two miles: Botanica, The Gardens Page 3 of 5 EXPLORATION PLACE LOCATION HIGHLIGHTS (See page 4 for more details) Conveniently located at the northwest edge of Downtown with abundant parking and easy access. Just a few short blocks from City Hall, Sedgwick County Courthouse, the Century II Convention Center, ine hotels and restaurants. Across the street from: Veterans Memorial Park of Arkansas River with walking and bike paths, the 44-foot-tall Keeper of the Plains sculpture keeperoftheplains.htm and Exploration Place Art Museum Old Cowtown Museum

4 Riverview Aerial SEDGWICK COUNTY COURTHOUSE CITY HALL KEEPER OF THE PLAINS SCULPTURE AND BRIDGE VETERANS MEMORIAL PARK of WICHITA RIVERVIEW BUILDING EXPLORATION PLACE CENTURY II CONVENTION CENTER Page 4 of 5

5 Riverview Interior Page 5 of 5