Bluegrass Multi-Purpose Investment Opportunity

Office for Sale
Also listed as Retail-Commercial, Industrial
Catylist Listing ID: 30630781
Property Subtypes: Business Park, Governmental, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 87,314 SF
Gross Building Area: See Agent
Gross Land Area: 7.95 Acres
Sale Price: $7,490,000
Unit Price: $85.78 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 8/12/2020

Overview / Comments

+ Value-add investment opportunity with the ability to acquire the asset below replacement cost at $86/sf
+ Owner-occupant or Built-to-Suit opportunity up to 60,000 square feet
+ The 87,314 square foot building is located within the Blankenbaker Station Business Park, a 600 acre professionally managed Class A development
+ Large open floor plans with clear heights ranging from 24’ to 28’
+ Fully conditioned space with commercial grade kitchen
+ 7.95 acres including approximately one acre of green space, providing further expansion/parking opportunities
+ 376 parking spaces
+ Strong existing tenant base: Norton Healthcare and KORT Physical Therapy
+ Immediate access to several national restaurants, retailers and hotels
+ 12’ x 14’ drive-in door
+ Ideal location off Blankenbaker Parkway with direct access to I-64, one exit from I-265, and two exits from I-264
+ 15 minute drive from Louisville Muhammad Ali International Airport (SDF)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville
Tax ID/APN: 003910850000; 003911410000
Zoning: PEC - Planned Employment Center District
Property Located Between: I-64 and Tucker Station Rd
Property Visibility: Good
Highway Access: Just off Blankenbaker Parkway which has direct access to I-64, one exit from I-265, and two exits from I-264
Airports: Louisville Muhammad Ali International Airport
Total Number of Buildings: 1
Typical SF / Floor: 76,207 SF
Year Built: 2006
Construction/Siding: Concrete - Tilt up
Parking Ratio: 4.3 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 376
Passenger Elevators: 1
Sprinklers: Wet
Zoning Description: PEC
Lot Frontage: 870 ft - Sycamore Station Place
Lot Depth: 408 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,933 53,824 151,540
Median Age: 41.46 41.41 40.33
Households: 1,776 22,014 63,110

Contact

Photograph of Listing Agent

Austin C Gutgsell

Pluris Realty KCREA Member
Photograph of Listing Agent

J. Colin Underhill

Pluris Realty KCREA Member
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