Cancer & Blood Specialists of Louisville

Office: Medical/Dental

1460 Bluegrass Ave, LouisvilleKY 40215

Property Details

Location

Address
1460 Bluegrass Ave, LouisvilleKY 40215
County
Jefferson
Submarket
Parcels
067F01540000

Building Size

Building Size
18,260 SF
Rentable Space
18,260 SF

Building Details

Type
 Office: Medical/Dental
Number of Buildings
1
Occupancy Type
Single Tenant
Percent Occupied
Building Class
B
Building Status
Existing
Floors
1
Year Built
1963
Year Renovated
2006
Sprinklers
Total Parking
92
Parking Ratio

Land & Utilities

Land (Acres)
2.23 Acres
Land (SF)
97,139 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
OR-3
Lot Depth
Lot Width

Contacts

Current Listings

Single-Tenant Medical Office Investment Property

18,260 SF$3,100,000
Cap Rate: 10%

This medical office property is 100% leased to a single-tenant, Cancer & Blood Specialists of Louisville, providing wonderful, easy cash flow to an investor. The building was originally constructed for use as a nursing home in 1963 and upon acquisition by the seller in 2006, the property was gutted and completely renovated for use as a highly modernized medical office building providing cancer treatment. The building contains 18,260 square feet of gross building area. The lease agreement expires June 31, 2022 with three, 3-year renewal options. The tenant is AON (American Oncology Network), the fastest growing network of community oncology practices. The lease is on NN terms with the landlord maintaining exterior/ capital expenditures only. The site comprises of 2.23 acres and includes 92 parking spaces as well as a canopy structure.

The building includes a large waiting room, receptionist area, 12 exam rooms, lab space, CT scan area, conference room, doctor's offices, business office area, nurses' s stations, chemotherapy area with mixing room for medicine, multiple restrooms, and adequate supplies and storage rooms. The building offers very wide hallways which meet hospital standards, wet sprinkler system in office space and is located within 100-yards of the non-compete area with the UofL Health - Mary and Elizabeth Hospital.

This medical office property is 100% leased to a single-tenant, Cancer & Blood Specialists of Louisville, providing wonderful, easy cash flow to an investor. The building was originally constructed for use as a nursing home in 1963 and upon acquisition by the seller in 2006, the property was gutted and completely renovated for use as a highly modernized medical office building providing cancer treatment. The building contains 18,260 square feet of gross building area. The lease agreement expires June 31, 2022 with three, 3-year renewal options. The tenant is AON (American Oncology Network), the fastest growing network of community oncology practices. The lease is on NN terms with the landlord maintaining exterior/ capital expenditures only. The site comprises of 2.23 acres and includes 92 parking spaces as well as a canopy structure.

The building includes a large waiting room, receptionist area, 12 exam rooms, lab space, CT scan area, conference room, doctor's offices, business office area, nurses' s stations, chemotherapy area with mixing room for medicine, multiple restrooms, and adequate supplies and storage rooms. The building offers very wide hallways which meet hospital standards, wet sprinkler system in office space and is located within 100-yards of the non-compete area with the UofL Health - Mary and Elizabeth Hospital.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: KCREA

More Information

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