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Baptist Health Anchored MOB - 100% Leased 140 Stonecrest Rd 11,338 SF 100% Leased Office Building Shelbyville, KY 40065 $2,345,980 CAD ($206.91 CAD/SF) 8% Cap Rate
Investment Highlights
- Anchored by Baptist Health – A Leading Regional Healthcare System – Baptist Health Medical Group occupies two suites
- Established Medical Corridor Location – Situated along Stonecrest Road in Shelbyville, the property benefits from proximity to multiple Baptist Health
- Attractive Basis Relative to Replacement Cost – At a price of approximately $170 per square foot, the property offers an appealing basis
- 100% Leased Multi-Specialty Medical Tenancy – The building is fully occupied by a complementary mix of specialties including primary care, ENT
- Excellent Market Fundamentals – Shelbyville offers stable suburban growth with expanding households, a rising service and healthcare employer base
Executive Summary
Kyle Matthews
License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
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Founded in 1924 in Louisville, Kentucky, Baptist Health is a full-spectrum health system dedicated to improving the health of the communities it serves. The Baptist Health family consists of nine hospitals, employed and independent physicians, and more than 400 points of care, including outpatient facilities, physician practices and services, urgent care clinics, outpatient diagnostic and surgery centers, home care, fitness centers, and occupational medicine and physical therapy clinics. Baptist Health’s eight owned hospitals include more than 2,300 licensed beds in Corbin, Elizabethtown, La Grange, Lexington, Louisville, Paducah, Richmond and New Albany, Indiana. Baptist Health also operates the 410-bed Baptist Health Deaconess Madisonville in Madisonville, Kentucky in a joint venture with Deaconess Health System based in Evansville, Indiana. Baptist Health employs more than 23,000 people in Kentucky and surrounding states.
- Centerwell Home Health
- Health Care and Social Assistance
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- Inspire Weight Loss M
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- Maxcare Medical Services Pllc
- Health Care and Social Assistance
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- Mpcaa
- Health Care and Social Assistance
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- Pulmonary Care Service LLC
- Health Care and Social Assistance
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| Centerwell Home Health | Health Care and Social Assistance | - | - | - | ||
| Inspire Weight Loss M | - | - | - | - | ||
| Maxcare Medical Services Pllc | Health Care and Social Assistance | - | - | - | ||
| Mpcaa | Health Care and Social Assistance | - | - | - | ||
| Pulmonary Care Service LLC | Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | 041-00-004M | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,452,818 CAD |
Property Taxes
Contacts
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Kyle Mackulak -
Tyler Swade -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
Presented by
Baptist Health Anchored MOB - 100% Leased | 140 Stonecrest Rd
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