WICHITA — Andy Boyd of Walter Morris Cos. is trying to sell a 5,000-square-foot retail center at 180 S. Rock Road for his father, Mike Boyd, and another investor, and he thinks there are several things going for the property.
First, he says, it's behind the Wendy's across from Towne East Square and is only $350,000.
"It's a heck of a deal for a Rock Road address."
Also, with the addition of iPlum Wireless last week, the center is now 100 percent leased.
With rent below market price, Boyd says, "It's easy to keep full in an environment like this."
But the environment also means buyers aren't rushing to purchase anything.
"We've had investors interested," Boyd says. "It's just people are a little gun-shy these days with the economy and everything."