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Gardner MOB
188th & Gardner Road
This new planned development consists of new construction of a single-story 14,950 square feet with two specialty healthcare tenants.
The steel framed building’s exterior façade includes custom metal panels, brick, native stone, and glass wall systems line the southern corners of the building. Single story architecture will compliment the branding identity already established in Lee’s Summit, Overland Park, and Raymore as described elsewhere in this Prospectus.
Project Development Costs: $ 6.63 million
Developed By: Capital Assets and Development
Project To Be Built in 2027 / 2028 Completion
Development Summary
•Gardner, KS Medical Office Building Development Summary
•Planned as Two Healthcare Tenants
•Total Project Development Costs $6.63 Million
•Year One Annual Net Operating Income Before Debt Service $477,500
•Estimated Average Annual Free Cash Flow During Interest Only Period (First 2 Years) of $165,000 Per Year Available for Distributions
•All Leases Full Triple Net (NNN)
•Two Clinical Specialty Provider Tenants on 11 Year Leases
•3% Annual Rent Escalators on All Leases
•State-Of-The-Art Technology Throughout the Building
•Part of a Growing Area of Gardner, KS in Johnson County
•$1.675 Million Total Equity To Be Raised by Investors (25% of Total Development Costs)
Construction in 2027 / Complete in 2028