Investment Office/Warehouse Opportunity

Office for Sale
Also listed as Industrial, Special Purpose
Catylist Listing ID: 30475472
Property Subtypes: Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Building Size (RSF): 129,132 SF
Gross Building Area: See Agent
Gross Land Area: 2.21 Acres
Sale Price: $3,995,000
Unit Price: $30.94 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 9.8%
Last Updated: 9/29/2020

Overview / Comments

Five Tenant Office/Warehouse building located in the Central Business District.

Tenants: Seven Counties, Cotiviti, P3 Protective Packaging, Green Light Vending, Hal Lipski

Net Operating Income (2019): $392,385

Renovated 2013-2018, 18'-24' ceiling height.

Partial new roofs installed in 2017 & 2018

**Listing brokers have an ownership interest in the property.**

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 013J00550000
Zoning: C-3 - Commercial District
Property Located Between: W. Broadway and W. Magazine Streets
Property Visibility: Excellent
Highway Access: Easy I-264 access via 9th Street and I-65 access via Broadway.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1956
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Block, Brick, Steel Frame
Parking Description: 10 Spaces at building; Street parking; Adjacent garage with 1,350 spaces (not included in sale)
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Internet Access: Cable, Fiber Optic
Zoning Description: C-3 and M-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,043 136,359 298,719
Median Age: 35.98 35.58 37.09
Households: 9,602 59,237 129,212
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