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Austism Therapy Center 2904 Foltz Dr 7,100 SF Office Building Edgewood, KY 41017 $1,500,000 ($211.27/SF) 9% Cap Rate
EXECUTIVE SUMMARY
Lee & Associates is pleased to offer for sale the fee simple interest in 2904 Foltz Drive, in Edgewood,
Kentucky. It is a single tenant medical office building of 7,100 square feet that is on a single lot totaling
.81 acres. It is leased to Hopebridge Autism Therapy Center, https://www.hopebridge.com, a national
behavioral health group. The lease is a Triple Net lease with a little less than 3 years of term remaining.
Kentucky. It is a single tenant medical office building of 7,100 square feet that is on a single lot totaling
.81 acres. It is leased to Hopebridge Autism Therapy Center, https://www.hopebridge.com, a national
behavioral health group. The lease is a Triple Net lease with a little less than 3 years of term remaining.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,100 SF
Building Class
C
Year Built
1987
Price
$1,500,000
Price Per SF
$211.27
Cap Rate
9%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,100 SF
Building FAR
0.20
Lot Size
0.81 AC
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PROPERTY TAXES
| Parcel Number | 015-40-13-027.02 | Improvements Assessment | $410,000 |
| Land Assessment | $312,000 | Total Assessment | $722,000 |
PROPERTY TAXES
Parcel Number
015-40-13-027.02
Land Assessment
$312,000
Improvements Assessment
$410,000
Total Assessment
$722,000
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Austism Therapy Center | 2904 Foltz Dr
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