Prospect Kentucky Signature Office Complex - Space Available For Lease

Office for Lease
Catylist Listing ID: 30740885
Property Subtypes: Executive Suites, Medical, Office Building
Contiguous Space: 1,100 - 4,200 SF
Building Size (RSF): 21,400 SF
Gross Land Area: 1.76 SF
Lease Rate: $17 PSF (Annual)
Base Monthly Rent: $5,950
Lease Types: Gross Lease
Building Name: Hill Crest Park Offices
Class of Space: Class B
Last Updated: 10/18/2021

Overview / Comments

Beautifully finished two building office complex available for sale. This premier office property is located on picturesque US Highway 42 in front of the Hill Crest Residential Community. This property is a wonderful opportunity for an owner user to occupy office space with in-place income.

* 71 parking spaces surround the buildings.
* Direct access from parking lot for each suite with private entry, restroom, kitchenette, and offices.
* 4300 square feet of office space is available to immediately occupy.
End cap office space unit.
*The space can be leased as one 4,200 square foot unit or it is divisible. Individual suites are available: 1,100 square feet, 1,600 square feet and 1,500 square feet.
*The space is currently built out and the owner would consider tenant improvements for a qualified tenant on a five (5) year lease term.
* Signage available on US Highway 42.
* Constructed in 1999.
* State of the Art building HVAC system.
* Back-up generator.
* Standing seam metal roof, high grade siding with stone water table accent the exterior.
* A freestanding garage does have available space, ideal for file and equipment storage.
* Ideal for general and medical office uses.
* Oldham County occupational fee/tax is zero (0.0%) compared to 2.2% sinking fund in neighboring Jefferson County.

Expand All Available Space

Suite: 12929, 12931 and 12933 4,200 SF $17 PSF (Annual) Gross Lease
Level/Floor: First
Space Available: 4,200 SF
Minimum Divisible: 1,100 SF
Lease Rate: $17 PSF (Annual)
$5,950 (Monthly)
Lease Type: Gross Lease
Space Description: End cap office space unit.

The space can be leased as one 4,200 square foot unit or it is divisible. Individual suites are available: 1,100 square feet, 1,600 square feet and 1,500 square feet.

Each space has its own US 42 Address.

Convenient parking close to the door.

The space is currently built out and the owner would consider tenant improvements for a qualified tenant on a five (5) year lease term.
Space Subcategory: Office Building
Date Available: 6/18/2021
Lease Term: 60 Months
Space Type: Relet
Conference Rooms: 2
Offices 8
Kitchen Yes
Parking Spaces 71
Rent Escalators Other
Rent Escalators Description The standard lease incorporates 2% annual increases.
Rent Concession The owner would provide a tenant improvement allowance for a qualified tenant.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Oldham
Submarket Type: Suburban
Taxing Authority: Oldham County PVA
Tax ID/APN: 06-00-00-18C
Zoning: R-4 - Residential District
Property Located Between: High Meadows Pike and Hill Cross Parkway
Property Visibility: Excellent
Highway Access: Easy access to I-265, located just 5 miles to the east of the site.
Site Description: The property offers convenient parking both in the front and rear of the building, allowing customers, clients and employees easy access to the office suites directly from the parking areas. The property addresses range from 12921-12945 W. US Highway 42.
Area Description: Great opportunity to locate your business in Prospect, one of the wealthiest communities in Kentucky. The area offers numerous restaurants and shopping and is within a 20 minute drive of downtown Louisville. This property is an ideal location for professional, legal, finance, insurance or healthcare users.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 9,200 SF
Year Built: 1999
Year Renovated: 2021
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Hill Crest Park Offices is comprised of two buildings. The front of the site is occupied by a two-story frame structure containing approximately 3,000 square feet. The main building, built in 1999, consists of 18,400 square feet. The buildings are situated in a park like setting with other amenities such as a freestanding garage for tenant storage and an outside patio which is available for tenant use.
Parking Ratio: 3.3 (per 1000 SF)
Parking Type: Surface
Parking Description: Seventy one (71) spaces, including five (5) handicap spaces, surround the buildings.
Total Parking Spaces: 71
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: The interior of both buildings is fully built out with well-appointed offices. The building HVAC systems have been updated to allow the owner remote access to control the heating and cooling functions. Both buildings have back-up generators to power essential power needs in the event of a power outage.
Zoning Description: The property is zoned R-4 residential which in Oldham County permits professional office use.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Deed Book: 689; Page: 327

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,943 14,222 59,487
Median Age: 38.7 43.1 40.17
Households: 1,223 5,015 22,557

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