For Sale: Premier Medical Office Investment Opportunity – Wichita, KS

PrimaryCareMOBOffers Requested by Thursday, MAY 22nd, 5:00 PM CT

The Offering

CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer the Primary Care Associates Medical Office Building (the “Property”) for purchase.  The 100% leased medical office building totals 39,473 square feet and is strategically located along the Rock Road artery with access from Highway 96, a major retail and high traffic corridor serving the needs of northeast Wichita’s affluent residents. The medical office building is one block from the Rock Road and 21st Street intersection, home to Bradley Fair, Wichita’s only luxury brand shopping destination, and adjacent to many restaurants, retail and hotel amenities.

Primary Care Associates (PCA) is the anchor tenant in the subject Property and recently renewed their NNN lease for 15 years through November 2027.  PCA currently occupies 69% of the total rentable area of the Property, and its physicians have personally guaranteed the lease, demonstrating a strong long term commitment to the facility. PCA is one of three large primary care groups that are members of the Physicians Alliance of Kansas (PAK), one of the first healthcare organizations in Kansas to be accepted to participate in the Medicare program as an Accountable Care Organization (ACO).  In addition, other significant medical tenants include Tallgrass Imaging, Tallgrass Sleep Center, Advanced Physical Therapy, and Family Prescription Shop, a convenient on-site pharmacy. The tenant mix is ideal for convenient patient access to routine and critical primary care services with complimentary specialty services by neighboring tenants.

Offering Information

  • Offering Price: $9,050,000
  • Building Size: 39,185 SF
  • Price Per SF: $229
  • Occupancy:  100%
  • In-Place NOI: $700,649
  • In-Place Cap Rate: 7.75%

Investment Highlights

  • Long Term Stable Cash Flow
  • Physician Lease Guarantee
  • Strategic Location in Affluent Market
  • Future Development Expansion
  • Appealing Aging Trends

CBRE Investment Contacts

  • Chris Bodnar

CBRE U.S. Healthcare Capital Markets

Telephone: 1-303-628-1711

Email Address:


  • Lee Asher

CBRE U.S. Healthcare Capital Markets

Telephone: 1-404-504-5965

Email Address:


  • Gina Anderson

Kansas City Investment Properties

Telephone: 1-816-968-5834

 Email Address:

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