609 Chamberlin Avenue

Office for Sale
Sale Pending
Catylist Listing ID: 30752776
Property Subtypes: Medical, Office Building
Status: Pending
Building Size (RSF): 6,506 SF
Gross Land Area: 0.95 Acres
Sale Price: $690,000
Unit Price: $106.06 PSF
Property Use Type: Investment
Building Name: 609 Chamberlin Ave
Class of Space: Class B
Usable Size (USF): 6,506 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

6,506 square foot medical office building on .95 acres of land for sale in Frankfort, Kentucky. This medical office was recently leased to the Frankfort Hospital and is currently being renovated for their use. New Five (5) year lease with Two (2) Five (5) year options to extend. This is a very stable investment with a great tenant in place.

Current Tenants

Tenant Business Name Frankfort Hospital, INC
Lease Expiration 3/2027
Options Two (2) Five (5) year options to extend 6-10 $6,288.01 per month 11-15 $6,919.54 per month
Tenant Notes 7 months of free rent to tenant in lieu of T.I. allowance from the owner

Additional Details

Nearest MSA: Frankfort
County: Franklin
Tax ID/APN: 050-00-00-001.36
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,506 SF
Year Built: 2001
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 24 parking spaces
Total Parking Spaces: 24
Zoning Description: PO Professional Office
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,198 16,193 34,461
Median Age: 37.57 41.19 38.91
Households: 1,513 7,155 14,469


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