222 W 6th St
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222 W 6th St
21,407 SF 100% Leased Office Building Junction City, KS 66441 £516,940 (£24/SF) 6.53% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Property features lots of natural light.
- Centrally located in the commercial corridor of Junction City, KS.
- Warehouse space in the rear with overhead door and loading dock.
- Excellent access to I-70 and US Hwy 77.
EXECUTIVE SUMMARY
Excellent opportunity to own real estate and retain rental income in the heart of the Flint Hills. This property is is located in the commercial corridor in the middle of Junction City, KS which is located on I-70 and US HWY 77. Take a look at this sprawling 21,407 square feet of commercial office space and warehouse space w/overhead door and loading dock.Current tenants (Chamber of Commerce, EDC, CVB, local newspaper, radio station, and other local businesses) occupy the entire 21,000 square feet. Zoning is CSP. Sufficient off street parking (43 spaces) and there are two separate City parking lots located to the east and north of this property. Centrally located near downtown businesses, shopping, public library, opera house, park, museum, city municipal building, post office and restaurants. Site contains 46,610 square feet.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£93,526
|
£4.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£93,526
|
£4.37
|
| Taxes |
£17,516
|
£0.82
|
| Operating Expenses |
£42,982
|
£2.01
|
| Total Expenses |
£60,498
|
£2.83
|
| Net Operating Income |
£33,028
|
£1.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £93,526 |
| Annual Per SF | £4.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £93,526 |
| Annual Per SF | £4.37 |
| Taxes | |
|---|---|
| Annual | £17,516 |
| Annual Per SF | £0.82 |
| Operating Expenses | |
|---|---|
| Annual | £42,982 |
| Annual Per SF | £2.01 |
| Total Expenses | |
|---|---|
| Annual | £60,498 |
| Annual Per SF | £2.83 |
| Net Operating Income | |
|---|---|
| Annual | £33,028 |
| Annual Per SF | £1.54 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
21,407 SF
Building Class
B
Year Built
1962
Price
£516,940
Price Per SF
£24
Net Initial Yield
6.53%
NOI
£33,760
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
21,407 SF
Building FAR
0.46
Lot Size
1.07 AC
Zoning
Commercial Real Estate - Commercial Real Estate
Parking
43 Spaces (2.01 Spaces per 1,000 SF Leased)
AMENITIES
- Kitchen
- Storage Space
- Central Heating
- High Ceilings
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Abilene Carpet
- -
- -
- -
- -
- -
-
- Public Administration
- -
- -
- Full Service
- -
The U.S. Chamber of Commerce is the world’s largest business organization representing companies of all sizes across every sector of the economy. Their members range from the small businesses and local chambers of commerce that line the Main Streets of America to leading industry associations and large corporations. U.S. Chamber of Commerce's all share one thing: U.S. Chamber of Commerce count on the U.S. Chamber to be their voice in Washington, across the country, and around the world. For years, they have advocated for pro-business policies that help businesses create jobs and grow the economy.
- Eagle Communications
- -
- -
- -
- -
- -
- Geary County CVB
- -
- -
- -
- -
- -
- JC Family Housing
- -
- -
- -
- -
- -
- Junction City Area Chamber
- Public Administration
- 1,350 SF
- -
- -
- -
- Seaton Publishing
- -
- -
- -
- -
- -
- Twin Valley
- -
- -
- -
- -
- -
- VanMeter
- -
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Abilene Carpet | - | - | - | - | - | |
|
|
Public Administration | - | - | Full Service | - | |
| Eagle Communications | - | - | - | - | - | |
| Geary County CVB | - | - | - | - | - | |
| JC Family Housing | - | - | - | - | - | |
| Junction City Area Chamber | Public Administration | 1,350 SF | - | - | - | |
| Seaton Publishing | - | - | - | - | - | |
| Twin Valley | - | - | - | - | - | |
| VanMeter | - | - | - | - | - |
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Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 111-12-0-20-07-008.00-0 | Total Assessment | £112,283 |
| Land Assessment | £6,334 | Annual Taxes | £17,516 (£0.82/sf) |
| Improvements Assessment | £105,949 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
111-12-0-20-07-008.00-0
Land Assessment
£6,334
Improvements Assessment
£105,949
Total Assessment
£112,283
Annual Taxes
£17,516 (£0.82/sf)
Tax Year
2024
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222 W 6th St
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