Thursday, May 18, 2006

TIC Investment Opportunity: Wilson Estates - 8535 & 8621 E 21st St, 67206: 8110 E 32nd St N Wichita, KS 67226

Wilson Estates Property Information:
  • Property Name: Wilson Estates
  • Rentable SqFt: ± 148,404.00
  • Purchase Price: $27,800,000.00
  • Price per SqFt: $187.33/sqft
  • Equity: $14,300,000.00
  • Loan Amount: $13,500,000.00
  • Loan-to-Value: 48.56%
  • Percent Occupied: 95.86%
  • Type: Three, two-story, commercial office buildings
  • Minimum Purchase: $425,000.00

Property Description:
The Wilson Estates Portfolio consists of three, two-story commercial office buildings. Built in 1995 and 1999, the Wilson Estates Portfolio is situated in Wichita, Kansas, the regional economic hub of south-central Kansas and northern Oklahoma. With its strong aerospace history and the second highest concentration of manufacturing jobs and skilled labor in the nation, the MSA is strong and ripe for development.

Top Tenants by Total Rent:
Wilson Estates is 148,404 square feet and is currently 95.86% occupied with 16 tenants. The noteworthy tenants include Corporate Lodging Consultants, Inc., IKON Office Solutions, Inc., Hinkle Elkouri Law Firm, LLC, and Preferred Health Systems, Inc.

Please contact me for a full marketing brochure and further information regarding this investment.

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