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Parisa Drive Medical Plaza 3121-3125 Parisa Dr 6,715 SF 100% Leased Office Building Paducah, KY 42003 $2,004,053 CAD ($298.44 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 6,715 SF two-tenant medical center located in robust medical & residential corridor of Paducah, KY
- Maximum Visibility - The site offers great visibility along U.S. 62 and features a large monument sign in front of the property
- Opportunity for rent increases
- 19,500 VPD (23) on U.S. 62 in front of property
- Located less than a mile from I-24, in a major medical corridor
EXECUTIVE SUMMARY
100% leased Class B medical center located in the city of Paducah which serves as one of the larger economic hubs in western Kentucky. The property is 1.18 acres and features a building with 6,715 rentable square feet, ample parking, and excellent road frontage. The property is located on U.S. 62 which is a heavily traveled road in Paducah featuring over 19,500 VPD in front of the property. Dense residential surrounds the property along with multiple schools.
This stretch of U.S. 62 features multiple medical users, a hospital, and an urgent care center creating a unique and robust medical corridor in Paducah. The immediate area also features prominent retailers such as Kroger, Harbor Freight, Walgreens, Dunkin Donuts, Banterra Bank and more.
This stretch of U.S. 62 features multiple medical users, a hospital, and an urgent care center creating a unique and robust medical corridor in Paducah. The immediate area also features prominent retailers such as Kroger, Harbor Freight, Walgreens, Dunkin Donuts, Banterra Bank and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,715 SF
Building Class
B
Year Built
2007
Price
$2,004,053 CAD
Price Per SF
$298.44 CAD
Cap Rate
7.50%
NOI
$150,304 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,715 SF
Building FAR
0.13
Lot Size
1.18 AC
Parking
48 Spaces (7.15 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
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Parisa Drive Medical Plaza | 3121-3125 Parisa Dr
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