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2800 Cannons Ln 11,787 SF 100% Leased Office Building Louisville, KY 40205 $9,052,344 CAD ($767.99 CAD/SF) 7.22% Cap Rate
Investment Highlights
- NNN medical office investment with ±9.1-year WALT and 2%-3% annual rent increases.
- 7.22% cap rate with $479,051 NOI and $6,634,621 list price for strong yield.
- Build-to-suit construction completed in 2014 for specialized healthcare use.
- Anchored by Paradigm Oral Health and Blue Cloud Surgery Center, both national operators.
- Dense Louisville demographics with 240,000+ residents within 5 miles.
- Strategic location near Home Depot-anchored center and major national retailers.
Executive Summary
Two-Tenant Oral Surgery | 7.22% Cap | $6.63M | 9.1-Yr WALT | 2–3% Annual Bumps
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,787 SF
Building Class
B
Year Built
2014
Price
$9,052,344 CAD
Price Per SF
$767.99 CAD
Cap Rate
7.22%
NOI
$653,622 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,894 SF
Slab To Slab
12’
Building FAR
0.45
Lot Size
0.60 AC
Zoning
(OTF) & (O
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 6,730 SF
- $43.80 CAD
- Triple Net
- Dec 2035
En termes simples, leur mission est d'élargir l'accès aux soins, d'incarner la sécurité et la qualité, et de réduire les coûts pour les patients et les payeurs. Ce sont les piliers sur lesquels leur entreprise a été fondée en 2011, et ils demeurent la motivation derrière tout ce que nous faisons à ce jour.
- Paradigm Oral Health
- Health Care and Social Assistance
- 5,057 SF
- $72.65 CAD
- Triple Net
- Sep 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 6,730 SF | $43.80 CAD | Triple Net | Dec 2035 | |
| Paradigm Oral Health | Health Care and Social Assistance | 5,057 SF | $72.65 CAD | Triple Net | Sep 2034 |
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Property Taxes
| Parcel Number | 082B02570000 | Improvements Assessment | $5,332,101 CAD |
| Land Assessment | $447,854 CAD | Total Assessment | $5,779,955 CAD |
Property Taxes
Parcel Number
082B02570000
Land Assessment
$447,854 CAD
Improvements Assessment
$5,332,101 CAD
Total Assessment
$5,779,955 CAD
Contacts
-
Seamus O'Brien -
Thor St John -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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2800 Cannons Ln
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