Leased Medical/Office Investment Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30815762
Property Subtypes: Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 9,010 SF
Gross Building Area: See Agent
Sale Price: $3,400,000
Unit Price: $377.36 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2022

Overview / Comments

Great opportunity to purchase a medical/office investment property in Eastpoint.

Current rent & lease term:

11/2/20-11/1/21: $186,326.80/yr
11/2/21-11/1/22: $189,570.40/yr
11/2/22-11/1/23: $192,878.87/yr
11/2/23-11/1/24: $196,253.51/yr
11/2/24-11/1/25: $199,695.65/yr
11/2/25-11/1/26: $203,206.62/yr
11/2/26-11/1/27: $206,787.82/yr
11/2/27-11/1/28: $210,440.64/yr
11/2/28-11/1/29: $214,166.52/yr
11/2/29-11/1/30: $217,966.91/yr

Renewal: three (3) additional five (5) year options.

Very nicely appointed medical/office building leased through 11/1/2030. Two reception areas, many exam and procedure rooms throughout, offices, storage, break rooms, elevator, front door parking, nearby amenities, and more. See attached photos for details on the improvements and recent $1,500,000.00 renovation. Tenant pays all property taxes, insurance, condo dues, and utilities on top of the rental amount.

Please call with any questions or to schedule a tour. Any tours would need to be after 4pm as to not disturb the business.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 277500620000
Zoning: PEC - Planned Employment Center District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,254 55,931 128,593
Median Age: 40.73 40.26 40.22
Households: 2,596 22,253 52,181


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