Norton-Anchored Medical Office Building | For Sale
Hoagland Commercial Realtors is pleased to present 9300 Stonestreet, a value-add, Multi-Tenant Medical Office Building in Louisville, KY, located less than a mile off Dixie Highway.
This offering presents the opportunity for an investor to purchase a cash flowing asset with the ability to capitalize on significant upside through lease-up of the existing vacancy, while also allowing an owner-occupant the opportunity to realize long-term and quality rental cashflow at their place of business.
- Attractive in-place yield
- NNN lease structure with minimal Landlord requirements
- Strong underlying credit with long-term leases (10-yr WALT)
- Dual tenancy with two longstanding tenants - Norton Healthcare and Heartsong Adult Day Health Care
- Solid Annual Rent Escalators
- Significant upside potential through current vacancy (7,393 SF / 27%)