Danville Professional Office Portfolio

Office for Sale
Catylist Listing ID: 30704851
Property Subtypes: Executive Suites, Mixed Use, Office Building
Building Size (RSF): 8,909 SF
Gross Building Area: See Agent
Sale Price: $1,000,000
Unit Price: $112.25 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Danville Professional Office Portfolio
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

We are pleased to bring to market this fully renovated professional office portfolio in the beautiful and quaint city of Danville, KY.

The portfolio consist of four (4) total buildings all of which are contiguous property. The improvements sit just south of Ephraim McDowell Medical Center and Downtown Danville on South Fourth Street which sees over 7,000 vpd.

The properties were purchased between 2013 and 2016 and have been renovated from floor to ceiling.

461 S . Fourth Street has two building on the lot. The first building is 3,487 sf and consist of a welcoming lobby, 14 private offices, conference room, employee breakroom, and four restrooms throughout. The second building is 1,456 sf and consist of a large conference room, 2 private offices and a breakroom.

463 S Fourth Street is the smallest of the four offices at 1,081 sf. It consist of 5 private offices and a single restroom.

465 S Fourth Street is a two story office consisting of an inviting lobby area, large conference room, 9 private offices, breakroom, and multiple restrooms throughout.

While the preference of the ownership is to sell the properties together, conversations regarding single buildings are welcome.

Highlights:
Fully Renovated Office Portfolio Available For Lease
10.00/sf/yr NNN
8,909 SF (individual building sizes below)
Ample Parking
Also Available For Lease

Additional Details

Nearest MSA: Danville
County: Boyle
Tax ID/APN: D14-004-012
Zoning: COMMERCIAL
Property Located Between: Centre College and Ephraim McDowell Hospital
Property Visibility: Excellent
Total Number of Buildings: 4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,845 13,809 25,246
Median Age: 29.54 38.68 39.97
Households: 1,632 5,493 9,829
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