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2800 Cannons Ln 11,787 SF 100% Leased Office Building Louisville, KY 40205 $6,634,621 ($562.88/SF) 7.22% Cap Rate
Investment Highlights
- NNN medical office investment with ±9.1-year WALT and 2%-3% annual rent increases.
- 7.22% cap rate with $479,051 NOI and $6,634,621 list price for strong yield.
- Build-to-suit construction completed in 2014 for specialized healthcare use.
- Anchored by Paradigm Oral Health and Blue Cloud Surgery Center, both national operators.
- Dense Louisville demographics with 240,000+ residents within 5 miles.
- Strategic location near Home Depot-anchored center and major national retailers.
Executive Summary
Property Facts
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 6,730 SF
- $32.10
- Triple Net
- Dec 2035
Blue Cloud Pediatric Surgery Centers is a healthcare organization headquartered in The Woodlands, Texas, specializing in ambulatory surgery services for pediatric and special needs patients. Founded in 2011, the company operates surgery centers that provide dental and oral procedures under general anesthesia, ensuring access to comprehensive care for patients who require specialized treatment environments. Blue Cloud’s model focuses on delivering safe, efficient, and patient-centered care through outpatient facilities designed to meet the unique needs of children and individuals with special healthcare requirements. The organization is privately held and backed by private equity, reflecting its growth-oriented approach within the healthcare sector. Over the years, Blue Cloud has expanded its network of centers and continues to invest in improving access to specialized surgical care across multiple regions in the United States.
- Paradigm Oral Health
- Health Care and Social Assistance
- 5,057 SF
- $53.25
- Triple Net
- Sep 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 6,730 SF | $32.10 | Triple Net | Dec 2035 | |
| Paradigm Oral Health | Health Care and Social Assistance | 5,057 SF | $53.25 | Triple Net | Sep 2034 |
Property Taxes
| Parcel Number | 082B02570000 | Improvements Assessment | $3,907,990 |
| Land Assessment | $328,240 | Total Assessment | $4,236,230 |
Property Taxes
Contacts
-
Seamus O'Brien -
Thor St John -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
Presented by
2800 Cannons Ln
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