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2800 Cannons Ln
Louisville, KY 40205
Office Property For Sale
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
$9,074,171 CAD
Price Per SF
$769.85 CAD
Cap Rate
7.22%
NOI
$655,198 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
Property Taxes
| Parcel Number | 082B02570000 | Improvements Assessment | $5,409,049 CAD |
| Land Assessment | $454,317 CAD | Total Assessment | $5,863,366 CAD |
Property Taxes
Parcel Number
082B02570000
Land Assessment
$454,317 CAD
Improvements Assessment
$5,409,049 CAD
Total Assessment
$5,863,366 CAD
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