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Recovery Now (15-Yr Sale Leaseback) 4747 Old Dublin Rd 16,456 SF Office Building Mayfield, KY 42066 $1,828,571 ($111.12/SF) 8.75% Cap Rate
Investment Highlights
- 15-Year Lease to be Signed at Close of Escrow
- 3.00% Annual Rent Bumps
- 9.22% Cash-on-Cash Return (based off 75% LTV, 6.75% IR, 25/5)
- Absolute Net Lease
- 9.85% Cap Rate by Year 5 | 11.42% Cap Rate by Year 10 | 13.42% Cap Rate by Year 15
- 11% Cash-on-Cash Return by Year 3 | 12.88% Cash-on-Cash Return by Year 5 | 18.11% Cash-on-Cash Return by Year 10
Executive Summary
15-Year sale leaseback, lease to be signed at close of escrow. 3% annual rent bumps.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
16,456 SF
Building Class
C
Year Built
2015
Price
$1,828,571
Price Per SF
$111.12
Cap Rate
8.75%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
16,456 SF
Building FAR
0.08
Lot Size
5.00 AC
Zoning
C - Commercial
Amenities
- Air Conditioning
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Property Taxes
| Parcel Number | 040.00.00.063.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $500,000 |
Property Taxes
Parcel Number
040.00.00.063.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$500,000
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Recovery Now (15-Yr Sale Leaseback) | 4747 Old Dublin Rd
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