Owner Financing Available

Office for Sale
Catylist Listing ID: 29542856
Property Subtypes: Executive Suites, Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development
Building Size (RSF): 60,000 SF
Gross Land Area: 2 - 2.25 Acres
Sale Price: $3,600,000
Unit Price: $60 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Business Breckenridge Center
Class of Space: Class B
Usable Size (USF): 55,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: 5.25%
Last Updated: 1/24/2023

Overview / Comments

New price with 3 new leases. $3,6million dollars, Owner financing may be available to qualified parties a below bank rates.

Perfect for Owner-User or investment, with existing revenue in place.

60,000 sq.ft. office building for sale, with lots of updates and amenities. Consisting of 4 floors, 15,000 each. Building has been remodeled and refurbished (beginning in 2009), including: new roof, new chiller, new water-re circulation tower, modernized and updated elevators. The 1st, 3rd and 4th floors have new electrical, new carpet, new drywall, and newly remodeled restrooms.
The second floor has been demo for either a call center or schools as well as office suites.

Centrally located on the corner of Bardstown Rd and Breckenridge Lane. Located near the bus route, 15 minutes from airport, 10 minutes from expressways 2-26 and 2-65. Ample parking and can accommodate 220+ vehicles. Parking ration of 4/5 to 1 parking.( Approximately 1.75 +or- acres of land.) Zoned C-1.
Sales price is below market at $54 per square feet. Reproduction cost with land is approximately $6,500,000 to 8 million with land and building. This is a steal for owner user, or investor.
At the current rentals the cap The actual GRI is $304,000.
The PGI is based on 60,000sq ft @ $12 per =$720,000

Call Mark Suna: 502.500.0680 or Terri Felker: 502.345.8425

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 004404010000
Zoning: C-1 - Commercial District
Property Visibility: Excellent
Land Ownership: The broker has ownership in this building.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,794 126,326 269,316
Median Age: 39.69 37.91 38.89
Households: 4,563 53,363 116,064
© Copyright 2001-2023 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.