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115 Trade Park Dr
Somerset, KY 42503
Upperline Health | 8.75% cap | Fully Occupied · Office Property For Sale
Investment Highlights
- Many of the properties have a hospital adjacent location which is prime for a medical office due to the referral base and reputation.
- Tax Friendly State – Kentucky recently reduced its income tax rate by 0.5% with plans to reduce it by the same for 2024
- Medical Office Buildings – Healthcare Real Estate has persisted through various consumer trends and economic downturns
- Highly Visible – Each site’s location is convenient and accessible, which is crucial for Healthcare Real Estate
- Referral Network – All 10 Upperline Health locations are within proximity to each other, creating a strong referral network
- Annual Rental Increases – Maintain growth of your investment dollars while hedging against inflation with annual rental increases
Property Facts
Property Type
Office
Property Subtype
Building Size
5,850 SF
Building Class
C
Year Built
2013
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,850 SF
Building FAR
0.08
Lot Size
1.77 AC
Property Taxes
| Parcel Number | 061-5-1-01 | Improvements Assessment | $0 |
| Land Assessment | $1,200,000 | Total Assessment | $1,200,000 |
Property Taxes
Parcel Number
061-5-1-01
Land Assessment
$1,200,000
Improvements Assessment
$0
Total Assessment
$1,200,000
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