Listing Summary
1,560SF renovated office condo with new floors, new paint, and new toilets. 6 large offices, 1 conference room, 1 storage room, and 2 bathrooms.
Full Description
This 1,560 SF renovated office condo offers a turnkey, income-producing opportunity for a passive investor. Strategically located in the high-demand Blankenbaker Parkway corridor, the property combines a fresh, modern interior with a secure, long-term NNN tenant already in place.
Investment Highlights
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Immediate Cash Flow: Currently leased to a NNN tenant at $16,800/year ($1,400/month).
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Secure Lease Terms: A 3-year term that commenced on July 1, 2024, providing stability for the next several years.
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Built-in Growth: The lease features 3% annual rent escalations, serving as an excellent hedge against inflation.
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Low Maintenance: As a NNN lease, the tenant is responsible for property expenses, simplifying ownership for the landlord.
Property Features
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Move-In Ready Renovations: Recently updated with new flooring, fresh paint, and modern restroom fixtures.
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Functional Layout: Optimized for professional services, featuring six large private offices, a dedicated conference room, a storage room, and two bathrooms.
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Class & Build: A well-maintained 2001-build Class C office condo within a professional complex.
Strategic Location
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Prime Corridor: Situated just off Blankenbaker Parkway between Shelbyville Road and I-64.
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Superior Connectivity: Provides lightning-fast access to the I-64 and I-265 (Gene Snyder) interchanges, making it easily accessible for clients and employees throughout the Louisville metro area.
Financial Snapshot
| Feature |
Details |
| Sale Price |
$275,000 |
| Building Size |
1,560 SF |
| Annual Income |
$16,800 (Current) |
| Annual Increases |
3% Escalations |
| Lease Type |
NNN |
| Term End |
June 30, 2027 |
Quick Glance
- Listing ID:
CL-Kentucky-27276
- Status:
Active
- Year Build:
2001
- Building Size:
1,560 SqFt
- Lot Size:
N/A