2704 Old Rosebud Road Suite 230

Office for Sale
Catylist Listing ID: 30237603
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 2,253 SF
Gross Building Area: 30,000 SF
Gross Land Area: 1 Acre
Sale Price: $325,000
Property Use Type: Investment
Building Name: Hamburg Business Center
Class of Space: Class A
Usable Size (USF): 2,142 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2018

Overview / Comments

2,253 square foot office condo for sale located in the 2704 Old Rosebud Road Office building. This second floor office condo consists of a large reception area, 6 offices, kitchen, large conference room, and open area for cubicles. The current tenant's lease runs through the end of February 2020. This is a great small investment property.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $4,549 (Annual)
Potential Rental Income $46,569 (Annual)
Gross Operating Income $46,569 (Annual)
Net Operating Income $30,260 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Movement Mortgage
Is Renting? Yes
Suite Number 230
Lease Expiration 3/2020
Options One option to extend for Three years remaining
Tenant Notes Tenant is currently in their first option period

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Is Condo?: Yes
Zoning: PROFESSIONAL OFFICE P-1
Property Visibility: Excellent
Highway Access: I-75 less than .5 miles
Airports: Bluegrass Airport
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 10,000 SF
Year Built: 2005
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Sprinklers: Wet
Zoning Description: Professional Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,419 64,522 177,464
Median Age: 35.11 35.89 34.69
Households: 2,825 28,580 76,056

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