Office•Office Building•For Sale

Reflection Ridge

7340 West 21st Street N., Wichita, Kansas 67205

Sale Price $3,200,000
Sale Type Investment
Zoning LC
Bldg Type Multi-Tenant
Class A
Year Built 1999
Stories 2
Cap Rate 8.62%
Vacancy 95%
Gross Bldg 34,754 SqFt
Land Area 3.17 Acres
Avail Parking 5/1000SqFt
Net Op Inc $275,695
Market Wichita
Reflection Ridge is an excellent opportunity to own a class A asset. Anchored by Nustar and six other tenants this property offers stability and upside. The surrounding area continues to grow drawing the amenities that every community wants. The Northwest quadrant of Wichita is a vibrant area with construction of new homes, shopping centers and restaurants. Companies are drawn to this area because it is a great place to live, work and play. Reflection Ridge has benefited from this dynamic and has historically had high occupancy. Reflection Ridge is located in the Northwestern quadrant of Wichita and backs up to a beautiful lake and the Reflection Ridge Golf course. This is a great location from which the entire city of Wichita is easily accessible. Kansas largest airport Wichita Dwight D. Eisenhower, Interstate Highway 235 and State Highway 54 are only minutes away. The area surrounding Reflection Ridge is extremely desirable as is evident by all the new retail and home construction. Rivers, lakes, Sedgwick County Zoo and parks make this a very beautiful area. Reflection Ridge is a solid investment in a great location and should continue to appreciate due to the excellent shopping, dinning, entertainment and beautiful surroundings.
  • Attractive Office Building
  • Excellent Location
  • 100% Leased With Upside
  • 8.6% Cap Rate
  • 14.5% Return on Equity
  • 5.15/1,000 Parking Ratio
12/28/2018 3:58:31 PM 1/7/2019 8:37:15 PM

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