9300 Stonestreet Rd | 9300 Stonestreet Rd
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9300 Stonestreet Rd 9300 Stonestreet Rd
27,439 SF 73% Leased Office Building Louisville, KY 40272 £4,165,074 (£151.79/SF)
EXECUTIVE SUMMARY
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%)
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%)
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
27,439 SF
Building Class
B
Year Built
2001
Price
£4,165,074
Price Per SF
£151.79
Percent Leased
73%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
27,439 SF
Building FAR
0.06
Lot Size
9.76 AC
Zoning
Commercial
Parking
150 Spaces (5.47 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 7,393 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 7,393 SF | Office | - | Now |
1st Floor
| Size |
| 7,393 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 230000060000 | Improvements Assessment | £1,490,811 |
| Land Assessment | £1,613,203 | Total Assessment | £3,104,014 |
PROPERTY TAXES
Parcel Number
230000060000
Land Assessment
£1,613,203
Improvements Assessment
£1,490,811
Total Assessment
£3,104,014
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9300 Stonestreet Rd | 9300 Stonestreet Rd
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