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2 Commercial Assets, Fully Leased 2 Office Properties Offered at $4,500,000 in Multiple Locations
Investment Highlights
- Two properties under 5 year leases to government agencies.
Executive Summary
An amazing investment prospect awaits with two properties specially designed for the Social Security Administration and U.S. Government credit rating agencies. These properties were purpose-built for the S.S.A. / G.S.A in 2006 and featuring renewed 5-year leases with operating income subject to C.P.I. increases. The combined shell rent for both locations is $281,548 and the leases have been recently updated with the tenants responsible for covering operating expenses. Additionally, both Properties underwent a through renovation in 2018.
Property Facts
| Price | $4,500,000 | Number of Properties | 2 |
| Price / SF | $244.64 / SF | Individually For Sale | 2 |
| Cap Rate | 6.26% | Total Building Size | 18,394 SF |
| Sale Type | Investment | Total Land Area | 3.84 AC |
| Status | Active |
| Price | $4,500,000 |
| Price / SF | $244.64 / SF |
| Cap Rate | 6.26% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 18,394 SF |
| Total Land Area | 3.84 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 103 Belinda Blvd, Danville, KY 40422 | Office | 8,320 SF | 2003 | $2,175,000 |
| 4532 Lucky Strike Loop, Owensboro, KY 42303 | Office | 10,074 SF | 2006 | $2,325,000 |
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2 Commercial Assets, Fully Leased
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