Medical / Office Investment Opportunity

Office for Sale
Catylist Listing ID: 30638410
Property Subtypes: Executive Suites, Medical, Office Building
Building Size (RSF): 16,486 SF
Sale Price: $2,500,000
Unit Price: $151.64 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

We are pleased to present this opportunity for an investor or end-user to purchase two medical office buildings behind Georgetown Community Hospital in Georgetown, KY. There is current income with the opportunity for a medical end-user to take up to 3,100 sf. Some tenants' leases have been in place since the buildings' construction and others have recently been renewed. Windsor Path is conveniently located along the Georgetown Bypass (McClellan Circle) only 0.2 miles from Lexington Road and less than a mile to the Kroger Pharmacy and Marketplace.

This property is also available for lease.

Highlights:
103 Windsor Path - 7,000 sf | 105 Windsor Path - 9,486 sf
Conveniently located near Georgetown Community Hospital and Kroger Marketplace
Easy Access to Lexington Road and McClellan Circle
1.17 Parking Spots per 300 sf
1,500 - 3,100 sf Available for a Professional or Medical End-User

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $26,627 (Annual)
Net Operating Income $201,439 (Annual)

Current Tenants

Tenant Business Name Neuro Restorative
Is Renting? Yes
Suite Number 1,2,5
SF of Space Occupied 6,000 SF
Tenant Business Name Edward Jones
Is Renting? Yes
Suite Number 6
SF of Space Occupied 1,000 SF
Tenant Business Name Bluegrass Behavioral
Is Renting? Yes
Suite Number 1
SF of Space Occupied 1,876 SF
Tenant Business Name Dr. Padma Rao
Is Renting? Yes
Suite Number 2
SF of Space Occupied 1,485 SF
Tenant Business Name Beaumont Behavioral
Is Renting? Yes
Suite Number 5&6
SF of Space Occupied 3,025 SF

Additional Details

Nearest MSA: Lexington-Fayette
County: Scott
Tax ID/APN: 168-30-097.002
Zoning: P-1B
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,700 27,921 37,889
Median Age: 32.4 32.87 33.99
Households: 2,593 10,387 13,173
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