1018 Ivan James Blvd | Richmond, KY 40475
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- LoopNet Team
1018 Ivan James Blvd
Richmond, KY 40475
Richmond Multi-Tenant MOB · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Passive NNN Lease Structure: NNN leases provide strong and passive cash flow stability for both local and out-of-state investors
- Low Rent/SF: Tenants have low rent/SF rates ($12.33/SF) allowing a buyer to obtain the property at an attractive price/SF
- Advantageous Return: With a one year return of 8.00%, this opportunity allows investors to receive an attractive return on their initial investment
- Inflation Hedge: 2/3 tenants have CPI rental increases in the option periods to help the investor fight against inflation
- Medical Office Building: Healthcare properties are heavily sought after for their resistance to recessions and e-commerce
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
9,026 SF
Building Class
C
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,026 SF
Slab To Slab
11’
Building FAR
0.21
Lot Size
1.00 AC
Parking
45 Spaces (4.99 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
PROPERTY TAXES
| Parcel Number | 0068-0004-0008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $998,000 |
PROPERTY TAXES
Parcel Number
0068-0004-0008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$998,000
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