4013 N Ridge Rd - Medical FOR SALE


Wichita, KS 67205
$8,500,000 USD
316-361-5075
4013 N Ridge Rd, Wichita, KS for Sale
$8,500,000 USD
Medical - FOR SALE
1/13
null | 7.3% Cap Rate

4013 N Ridge Rd
Wichita, KS 67205


HIGHLIGHTS

  • Invest in a fully occupied medical office building secured with long-term NNN lease terms in NW Wichita's thriving medical corridor.
  • Built in 2006, the building features floor-to-ceiling windows, automated HVAC, key card entry, and a resurfaced lot with ample parking spaces.
  • Large back lot provides investors with expansion and development opportunities, offering continued investment options for the future.
  • Within the NW Wichita medical corridor, the Ridgewood Medical Building is strategically positioned near the K 96 and Ridge Road intersections.
  • Benefit from seamless connectivity to New Market Square, Downtown Wichita, and a smooth commute to Wichita Dwight D. Eisenhower National Airport.
  • Invest in a community primed for economic growth by taking advantage of Wichita's advanced healthcare services and vibrant residential communities.

OVERVIEW

Ridgewood Medical Building at 4013 N Ridge Road in Wichita is a distinguished Class B, multi-tenant office building spanning 32,063 square feet. This property ensures stable returns by boasting a 100% occupancy rate with long-term NNN leases. Sun-drenched interiors with ample floor-to-ceiling windows complement high ceilings and flexible floor plans, creating spacious, multi-purpose spaces ideal for diverse tenant needs. The building features modern amenities, including an automated HVAC system and convenient key card access, ensuring convenience and security. Recently resurfaced, the parking lot offers ample space for tenants, patients, and visitors with easy access to Ridge Road. A generously sized back lot also provides potential for future expansion or development. In the thriving NW Wichita medical corridor, Ridgewood Medical Building benefits from high traffic counts at the Ridge Road and Kansas Highway 96 intersection, averaging over 20,000 vehicles daily. Noteworthy tenants such as Ridgewood Surgery Center, Ascension Medical Surgical Specialists, Wichita Dermatology, and Revive & Thrive Mental Wellness underscore its appeal as a hub for healthcare professionals. 4013 N Ridge Road enjoys connectivity to major hubs and amenities at New Market Square and Downtown Wichita, minutes from Wichita Dwight D. Eisenhower National Airpot (ICT). Investors will appreciate the 7.3% capitalization rate, offering a robust investment structure in an area projected to grow by 3.27% by 2029 within a 1-mile radius. Wichita, the largest city in Kansas and central to a dynamic metropolitan area, is renowned for its advanced regional healthcare services, corporate headquarters, and vibrant community, drawing a diverse population across the nation. The Ridgewood Medical Building presents a prime opportunity to invest in a thriving market with substantial growth potential and enduring tenant demand.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ridgewood Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,846 SF

ZONING

LC

APN/PARCEL ID

088-28-0-44-01-002.01

ASK ABOUT THIS PROPERTY

Jason GilstrapPremier Property Management, Inc.More Info
316-361-5075

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Jason GilstrapPremier Property Management, Inc.More Info
316-361-5075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.