9300 Stonestreet Rd - Medical FOR SALE


Louisville, KY 40272- Valley Station
$5,400,000 USD
502-897-3310
9300 Stonestreet Rd, Louisville, KY for Sale
$5,400,000 USD
Medical - FOR SALE
1/1
null | Request Cap Rate

9300 Stonestreet Rd
Louisville, KY 40272
Valley Station


OVERVIEW

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%)

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

9300 Stonestreet Rd

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

9.76 AC

LAND SF

425,146 SF

ZONING

Commercial

APN/PARCEL ID

230000060000

ASK ABOUT THIS PROPERTY

Christopher O'RearHoagland Commercial RealtorsMore Info
502-897-3310

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Christopher O'RearHoagland Commercial RealtorsMore Info
502-897-3310

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