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103 Landmark Drive - Bellevue Medical Arts, Bellevue, KY

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103 Landmark Drive - Bellevue Medical Arts

Bellevue, KY 41073-1393 - Covington/Newport Submarket

(765.0 KB)

Property Type:Office Sub Type:Medical Status:Existing Year Built:1994
Stories:3 Typical Floor:- Building Size:53,211 SF
For Sale Price:$1,900,000 Price/SF:$35.71
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Ratio of 5.07/1,000 SF Amenities:Air Conditioning, Convenience Store, Signage

The Medical Arts Building is a 3-story steel and masonry fully-sprinkled building containing approximately 67,915 SF (53,211 SF net rental), two self-service passenger elevators, and the following:

-Drug store located on the first floor
-Lighted abundant parking in front
-Central station monitoring linked directly to the local fire department
-CCTV installed in 2006
-Remote-monitoring capability
-Energy Management System installed in 2006

This beautiful building is only minutes to all major interstate highways: I-75/I-71 and I-471/I-275 and was built in 1994 and within waling distance to restaurants, Newport on the Levee, and two new major office commercial and residential developments, Harbor Green and South Shore.

Sale Notes:
This 67,915 (53,000 net rentable) square foot Class B+ office property is Lender owned and offers lots of $$ upside with approximately 27,000 square feet of space to lease in 8 varied sized suites. While hovering at 50% occupancy this offers a Cap rate of 7%. Current County tax valued at $5.5M. Situated on 4.67 acres which are included in this sale. Four levels of office space in a very well built structure. 280+ spaces of parking, 2 elevators (4500 & 2500) Notable tenants include the VA and Healthpoint Family Care. City states zoning is SC. For full package of information please sign the attached CA and return to Nianouris. Property is being sold "AS-IS" without warranty or representation by lender. Property is represented by David Nianouris and Gigi Dales, Ky. Lic. Broker, HER Realtors. ATTACHED CONFIDENTIALITY IS REQUIRED FOR FURTHER INFORMATION.

HER Realtors
David Nianouris
(937) 890-8688

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