Description
Single tenant building that was custom built to suit for the Commonwealth of Kentucky Cabinet for Health and Family Services. The property is leased until June 30, 2028 making this a high return office investment with nearly 7 years of lease term remaining. This office building is offered for sale at less than 50% of replacement cost. This modified gross lease provides for tenant paid utilities and some tenant paid maintenance. The net operating income is approximately $52,000 per year providing a 7.43% cap rate.
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0BEDS
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1.72ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Single tenant building that was custom built to suit for the Commonwealth of Kentucky Cabinet for Health and Family Services. The property is leased until June 30, 2028 making this a high return office investment with nearly 7 years of lease term remaining. This office building is offered for sale at less than 50% of replacement cost. This modified gross lease provides for tenant paid utilities and some tenant paid maintenance. The net operating income is approximately $52,000 per year providing a 7.43% cap rate.
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