9300 Stonestreet Rd | 9300 Stonestreet Rd
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9300 Stonestreet Rd 9300 Stonestreet Rd
27,349 SF 100% Leased Office Building Louisville, KY 40272 $5,382,283 ($197/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
27,349 SF
Building Class
B
Year Built
2001
Price
$5,382,283
Price Per SF
$197
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
27,349 SF
Building FAR
0.06
Lot Size
9.76 AC
Zoning
Commercial
Parking
150 Spaces (5.48 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 230000060000 | Improvements Assessment | $1,932,830 |
| Land Assessment | $2,091,510 | Total Assessment | $4,024,340 |
PROPERTY TAXES
Parcel Number
230000060000
Land Assessment
$2,091,510
Improvements Assessment
$1,932,830
Total Assessment
$4,024,340
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9300 Stonestreet Rd | 9300 Stonestreet Rd
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