GSA Federal Highway Administration 6111 SW 29th Street Topeka Kansas 66614
Property Details Price: $1,025,000 Cap Rate: 8.30% Property Type: Office Building Size: 6,572 SF Land Area: 0.80 Acres Property Use: GSA Office Current NOI: $85,071 Lease Type: Gross at Operating Expenses Remaining Term: 10 Years Highlights Ten Years Remaining on the Lease (Five are Firm) – 100% leased and guaranteed by the US Federal Government (S&P AA+). High Renewal Probability & Long-Term Tenant – GSA Rollover data shows a very low termination rate (less than 2% probability that GSA exercises termination right in soft lease term when the property is new construction or recently refurbished) and a very high renewal probability. Convenient Location – This is the Field Office for the State of Kansas for the Federal Highway Department, and access to the state’s roadways is a vital consideration for them in choosing a location. 6111 SW 29th Street is a prime location within Topeka, Kansas with its convenient access to the inter...