Office for Sale in Shawnee, KS

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Shawnee, KS 66217
  • Year built: 1998

Description

Marcus & Millichap proudly presents the Ascension Medical / AMSURG Surgery & LiveWell Homecare Medical Office Building, strategically located in affluent Johnson County, Kansas. This investment features a 100 percent occupied, two-tenant, majority triple-net medical office building with strong tenants in rapidly growing medical sectors. The property is nestled within the WestGlen shopping center along the city lines of the Shawnee/Lenexa corridor of Johnson County, Kansas which exemplifies the county's reputation as the wealthiest in the state. Johnson County residents produce an average household income of $142,699, placing it firmly at the top in Kansas. Just 1.5 miles from the subject property, the Lenexa City Center, a 69-acre, $250 million mixed-use development, has become a centerpiece of recent innovation, enhancing residential and commercial valuations. Situated on a 0.61-acre plot, the building offers 6,772 square feet of gross leasable area (GLA). Amsurg, occupying 70 percent of the GLA, has been a tenant since the property's construction in 1998. LiveWell, occupying the remaining 30 percent, signed a new lease in January 2025. Amsurg is a prominent multi-billion-dollar ambulatory surgery company with over 250 locations across the nation. It was acquired by Ascension in June 2025 for $3.9 billion, integrating its ambulatory surgery centers into Ascension's expansive healthcare network. The U.S. market for ambulatory surgery centers was valued at USD 40.41 billion in 2023, with an anticipated compound annual growth rate (CAGR) of 6.02 percent from 2024 to 2030. LiveWell specializes in home-based care, providing services like skilled nursing with approximately 500 employees. The U.S. home healthcare market, valued at $142.9 billion in 2022, is set to continue its robust growth with a projected CAGR of 7.48 percent from 2023 to 2030. Lease terms for the building include a triple-net lease for Amsurg (70 percent of gross leasable area) and a gross lease for Li

Market Context

This office in Shawnee, KS is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1998. It has been on the market for 67 days. Compare it against other office listings for sale in Shawnee, KS — <a href="/search/sale/office/kansas/shawnee">view the full market</a>.

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