59 Cavalier Boulevard

    Florence, KY 41042
    • $1,900,000
    • STATUS: Closed
    • ON SITE: 247 days
    • MLS #: 525465
    Sold - 10/01/2019
    $1,900,000
    SOLD - 10/01/2019
    • 0
      BEDS
    • 1.81
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    Description

    Class A medical office property that is a passive net leased investment that has been 100% occupied for over 7 years. Property features three units with two established medical practices that have been in place for 15 plus years and one tenant in place for 7 years. All tenants under lease into 2021. The property has very strong corporate tenants, is in good condition, and is well maintained. This property is a good 1031 exchange alternative or limited partnership property with strong Cost Segregation possibilities. Excellent location in thriving Florence.

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    © 2019 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Mike Parker Real Estate LLC | HUFF Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2019-12-07T16:49:25.193.
    www.searchnkyhomes.com/homes/93347167

    59 Cavalier Boulevard Florence, KY 41042

    • Price: $2,050,000
    • Status: Closed
    • Updated: 37 min ago
    • MLS #: 525465
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.81
    Acres
    2001
    Built
    Neighborhood:
    Florence
    County:
    Boone
    Area:
    Florence
    Property Description
    Class A medical office property that is a passive net leased investment that has been 100% occupied for over 7 years. Property features three units with two established medical practices that have been in place for 15 plus years and one tenant in place for 7 years. All tenants under lease into 2021. The property has very strong corporate tenants, is in good condition, and is well maintained. This property is a good 1031 exchange alternative or limited partnership property with strong Cost Segregation possibilities. Excellent location in thriving Florence.
    Exterior Features

    Construction Materials StoneStucco Foundation Details Slab Levels One Lot Size Dimensions 1.81 Acres Roof Shingle

    Interior Features

    Basement None Building Area Total 12813 Cooling Central Air Cooling YN Yes Flooring CarpetTile Heating ElectricForced Air Heating YN Yes Inclusions

    Property Features

    Buyer Financing Conventional Electric Expense 11000 Gross Income 237360 Insurance Expense 3070 Leasable Area 12813 Lease Considered YN No Maintenance Expense 20000 Net Operating Income 174126 New Construction YN No Other Expense 9307 Ownership Corporate Property Sub Type Business Sewer Public Sewer Tax Annual Amount 19857 Trash Expense 0 Utilities Natural Gas Available Water Sewer Expense 0 Water Source Public Zoning Description Office

    Courtesy of Copperwood Realty Group Llc. © 2019 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. Information has not been verified, is not guaranteed, and subject to change.

    © 2019 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Mike Parker Real Estate LLC | HUFF Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2019-12-07T16:49:25.193.
     
    Mike Parker Real Estate LLC | HUFF Realty
    60 Cavalier Blvd.
    Florence KY, 41042