4801 Paoli Pike - Medical FOR SALE


Floyds Knobs, IN 47119
$2,100,000 USD
812-200-2838
4801 Paoli Pike, Floyds Knobs, IN for Sale
$2,100,000 USD
Medical - FOR SALE
1/42
null | Request Cap Rate

4801 Paoli Pike
Floyds Knobs, IN 47119


OVERVIEW

Welcome to Hillside Professional Center. High visibility at the corner of 150 & Paoli Pike. The site is improved with free standing, 2-story, brick veneer over wood frame, medical & general office suites fully leased with 11548 leased space in 14045 sq. ft. total interior. There are 5 long-term tenants & 100% occupancy. Second floor accessed via stairs at front and rear and by elevator. Common area also includes both men and women restrooms. 56 designated parking spaces and plenty of room to add more. Located on 2.45 acres that includes area for future expansion of approx. 1.62 acres. Tenants pay their portions of CAM, Real estate taxes. Real Estate taxes billed separately when due and CAM is included in monthly lease. Also has exterior canopy at front of building for easy drop office. Wired for security system. Owner maintains an office currently of approx. 200 sq. ft. that could be leased additional by new owner. Unique exterior clock tower has clock facing all 4 directions, maintenance free. Parking lot recently resealed. Property lays within the Louisville MSA. This property well outperforms others within the MSA. Elevator certification is up to date. Owner typically pumps septic tanks approx. once every 5 years and has scheduled current cleaning so that new owner will not need to have done for another 5 years. Roof is lifetime warranty corning fiberglass and was installed approx. 8 years ago. Clear span roofing system within lease to add/remove walls easily. 5% of the first $1,000,000 shall be paid as 3% to the listing broker & 2% to the buyer's broker. 3% of the remainder of purchase price shall be paid as 3% to the listing broker. Any commission paid on the remainder of purchase price to the buyer's broker shall be paid by the buyer. No commission shall be due until closing of the transaction. No fee is due should owner lease the office space to prospective tenant. No commission shall be due on any option until option becomes bonafide purchase. Seller will work with new owner for transition for 1 year from closing. Buyer to verify taxes, exemptions, sq. footage, acreage, road frontage, school system, utilities, access & easements.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hillside Professional Center West

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

GC

APN/PARCEL ID

22-04-01-800-048.000-006

ASK ABOUT THIS PROPERTY

Jeremy WardWard Realty ServicesMore Info
812-200-2838

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Jeremy WardWard Realty ServicesMore Info
812-200-2838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.