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Ephraim McDowell Health 230 W Main St 51,910 SF 100% Leased Office Building Danville, KY 40422 $18,805,835 CAD ($362.28 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Surgery center–anchored MOB in a CON state, limiting competing surgical facility supply.
- 22 surgeons actively performing procedures on-site, reinforcing consistent patient volume.
- Value-add upside through lease-up of two vacant suites to increase NOI.
- Anchored by Ephraim McDowell Health with strong patient referral networks and credit support.
- Recent HVAC and cooling tower replacement reduces near-term capital expenditure risk.
- Regional healthcare corridor with stable demographics and limited new medical development.
Executive Summary
Kyle Matthews
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
51,910 SF
Building Class
B
Year Built
1918
Price
$18,805,835 CAD
Price Per SF
$362.28 CAD
Cap Rate
8.50%
NOI
$1,598,496 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,978 SF
Building FAR
2.65
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
Commercial
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | D08-017-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $10,163,244 CAD |
Property Taxes
Parcel Number
D08-017-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$10,163,244 CAD
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Ephraim McDowell Health | 230 W Main St
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