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725 Harvard Dr
Owensboro, KY 42301
Small Multi-Tenant Office · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Proven 90%+ Occupancy for 4+ Years
- Low-Touch Ownership
- Steady Rent Growth
- High-Demand Small Office Segment
EXECUTIVE SUMMARY
725 Harvard Drive presents a rare opportunity to acquire a consistently high-performing office asset with a four-year track record of 90%+ occupancy and steady 4%+ annual rent growth. Designed as a turnkey executive office and coworking center, the property has tapped into one of the most resilient segments of the office market: small, furnished offices serving professionals and remote workers who value flexibility. The result is a stable, diversified rent roll supported by consistent demand and simple, predictable operations.
With its recent renovation, minimal capital needs, and low-touch management requirements, the property offers investors reliable monthly income without the complexity of traditional office leasing. Tenants appreciate the convenience; owners appreciate the stability. For buyers seeking an easy-to-own, income-producing asset with strong occupancy history and long-term relevance, 725 Harvard Drive stands out as a proven performer.
With its recent renovation, minimal capital needs, and low-touch management requirements, the property offers investors reliable monthly income without the complexity of traditional office leasing. Tenants appreciate the convenience; owners appreciate the stability. For buyers seeking an easy-to-own, income-producing asset with strong occupancy history and long-term relevance, 725 Harvard Drive stands out as a proven performer.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
4,931 SF
Building Class
A
Year Built/Renovated
1974/2023
Price
$726,000
Price Per SF
$147.23
Cap Rate
7.51%
NOI
$54,517
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,931 SF
Building FAR
0.20
Lot Size
0.58 AC
Zoning
B-4 - General Commercial
Parking
35 Spaces (7.1 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Security System
- Kitchen
- Central Heating
- High Ceilings
- Natural Light
- Drop Ceiling
- Wi-Fi
- Hardwood Floors
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 004-16-12-007-A0-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $450,000 |
PROPERTY TAXES
Parcel Number
004-16-12-007-A0-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$450,000
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