Industrial Properties - For Sale
1111 East 37th Street North Wichita, KS 67219
Details & Description
Price: $8,660,000
  • Property Type Industrial for Sale : Warehouse
  • Lot Size Acres 11.420
  • Building Sq Ft 64,050
  • Building Price per Sq Ft $135.21
  • Land Sq Ft 497,455
  • Land Price per Sq Ft $17.41
The property consists of two buildings, a 42,000 SF fabrication & storage warehouse and a 15,650 SF office building that is currently wrapping up Phase II of construction.Upon close of escrow, the seller will sign a brand-new, 15-year absolute NNN lease on both buildings with 1.5% annual rental increases, making this a true hands off, inflation resistant asset.Piping and Equipment company has a 75 year operating history and thecompany has been growing rapidly in the face of COVID. Revenues areprojected to almost double in 2021 and the company has had to expand thesubject facilities due to new business lines and customer demand primarily inthe energy sector. The company is a Subchapter 15 Corp meaning they DO NOT pay Federal or State income tax providing the company a unique operating advantage that dramatically enhances their profitability profile.
Listing Agents
John Andreini
Capital Pacific
O: 415-274-2715
jandreini@capitalpacific.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1111 East 37th Street North

Wichita, KS 67219

Listing ID: 259436
$8,660,000
For Sale
  • Property Type Industrial for Sale : Warehouse
  • Lot Size Acres 11.420
  • Building Sq Ft 64,050
  • Building Price per Sq Ft $135.21
  • Land Sq Ft 497,455
  • Land Price per Sq Ft $17.41
  • 1111 East 37th Street North Wichita, KS 67219 | for Sale | Photo 1
  • 1111 East 37th Street North Wichita, KS 67219 | for Sale | Photo 2
  • 1111 East 37th Street North Wichita, KS 67219 | for Sale | Photo 3
1111 East 37th Street North | for Sale | Thumbnail 1
1111 East 37th Street North | for Sale | Thumbnail 2
1111 East 37th Street North | for Sale | Thumbnail 3
Description

The property consists of two buildings, a 42,000 SF fabrication & storage warehouse and a 15,650 SF office building that is currently wrapping up Phase II of construction.

Upon close of escrow, the seller will sign a brand-new, 15-year absolute NNN lease on both buildings with 1.5% annual rental increases, making this a true hands off, inflation resistant asset.

Piping and Equipment company has a 75 year operating history and the

company has been growing rapidly in the face of COVID. Revenues are

projected to almost double in 2021 and the company has had to expand the

subject facilities due to new business lines and customer demand primarily in

the energy sector. The company is a Subchapter 15 Corp meaning they DO NOT pay Federal or State income tax providing the company a unique operating advantage that dramatically enhances their profitability profile.

Attachments & Files

Listing Demographics for 1111 East 37th Street North Wichita, KS 67219

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population1,65242,146133,573
Population Median Age363637
Population by Age0-9 Yrs252 (15%)6511 (15%)18271 (13%)
10-19 Yrs230 (13%)6791 (16%)18431 (13%)
20-29 Yrs304 (18%)6107 (14%)21691 (16%)
30-39 Yrs170 (10%)5171 (12%)17924 (13%)
40-49 Yrs170 (10%)4739 (11%)14703 (11%)
50-59 Yrs222 (13%)4432 (10%)15231 (11%)
60-69 Yrs185 (11%)4770 (11%)14828 (11%)
70+ Yrs119 (7%)3623 (8%)12493 (9%)
Median HH Income$49,497$44,221$48,634
Total Household Income< 24K109 (18%)4440 (29%)13683 (25%)
25-49K184 (31%)3951 (25%)13545 (25%)
50-74K125 (21%)3226 (21%)10259 (19%)
75-99K122 (21%)1632 (10%)6129 (11%)
100-199K36 (6%)1758 (11%)8009 (15%)
200K+3 (0%)261 (1%)1547 (2%)
Highest Education LevelNo Diploma296547111589
Diploma or GED366730720566
Some College209564520215
Assoc. Degree8819186483
Bachelors Degree83358216827
Higher Degree43168610105
Total Housing Units58017,51160,909
--Owner-Occupied3888,90929,855
--Renter-Occupied1916,35923,317
Owner-Occupied Values< 100K212467011361
100-199K146355813330
200-299K274343115
300-399K151993
400-499K274427
500K+0123630
Total Working Age Population1,27231,425103,872
In Work Force89320,06467,932
Not In Work Force37811,36135,940
Workforce Employed81218,39063,685
Workforce Unemployed811,6554,056
Civlian Workforce89320,04567,741
Military Workforce019191
Total Households57915,26853,173
Family Households3789,36830,263
Non-Family Households2015,90122,910
Married Couple2796,27021,057
Other Family983,0989,206
Married w/Child1232,7598,399
Single Male w/Child33481,207
Single Female w/Child381,4114,207

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Kansas2,688,418+62,853,118+52,988,194+53,140,008
Sedgwick County452,869+10498,365+6530,232+7565,494

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Industrial Properties Listings for Sale Nearby
Address Price Sq Ft Acres
3145 North Broadway, Wichita, KS $1,250,000 18230 0.65
1855 North Ohio Avenue, Wichita, KS $395,000 10000 0.46
3843 N Cypress Dr, Wichita, KS $1,798,015 24829 2.16
401 West 47th Street South, Wichita, KS $9,170,000 85628 8.8
4341 South West Street, Wichita, KS $425,000 38900 10.85
4343 South West Street, Wichita, KS $2,500,000 38900 3.7
310 East 1st Street, Cunningham, KS $85,000 2880 0.75
100 Holiday Lane, Tonkawa, OK $1,995,000 39000 6.03
3601 West 6th Avenue, Emporia, KS $675,000 20000 15.5
2412 U.S. 169, Coffeyville, KS CALL 406027 30.8
Closest Commercial Airports
Airport Distance (mi)
Wichita Eisenhower National Airport (ICT) 9
Tulsa International Airport (TUL) 133
Joplin Regional Airport (JLN) 160
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