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UofL Health - Medical Plaza 4 4331 Churchman Ave 11,509 SF 100% Leased Office Building Louisville, KY 40215 $3,264,620 CAD ($283.66 CAD/SF) 7.80% Cap Rate
Investment Highlights
- Total Building Area: ±11,630 SF
- Parking: Ample on-site parking to accommodate both tenants and customers
- Occupancy: 100% occupied by UofL Health, used for UofL Pain Management & Frazier Rehab
- The lease structure provides approximately 5.5 years of remaining term, offering investors immediate cash flow stability backed by a lea
Executive Summary
The property offers investors a rare opportunity to acquire an institutional-quality healthcare asset supported by one of the region’s leading healthcare providers. Its proximity to Mary & Elizabeth Hospital creates a highly integrated medical environment with strong patient accessibility and referral synergy. Additionally, the property’s location within South Louisville provides convenient access to Dixie Highway, Interstate 264, and Downtown Louisville, positioning the asset to serve
a broad and established patient base throughout the Louisville MSA.
Medical office investments continue to demonstrate strong long-term fundamentals driven by healthcare demand, operational stability, and limited volatility compared to traditional office product. UofL Health Medical Plaza 4 combines stable in-place occupancy, a mission critical healthcare use, and strong surrounding demographics to create a compelling investment opportunity within Louisville’s growing medical office sector.
a broad and established patient base throughout the Louisville MSA.
Medical office investments continue to demonstrate strong long-term fundamentals driven by healthcare demand, operational stability, and limited volatility compared to traditional office product. UofL Health Medical Plaza 4 combines stable in-place occupancy, a mission critical healthcare use, and strong surrounding demographics to create a compelling investment opportunity within Louisville’s growing medical office sector.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,509 SF
Building Class
B
Year Built
1964
Price
$3,264,620 CAD
Price Per SF
$283.66 CAD
Cap Rate
7.80%
NOI
$254,640 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
11,509 SF
Building FAR
0.25
Lot Size
1.05 AC
Zoning
CR-2 - Office/Residential District
Parking
51 Spaces (4.43 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 067G02290000 | Improvements Assessment | $1,620,418 CAD |
| Land Assessment | $238,095 CAD | Total Assessment | $1,858,513 CAD |
Property Taxes
Parcel Number
067G02290000
Land Assessment
$238,095 CAD
Improvements Assessment
$1,620,418 CAD
Total Assessment
$1,858,513 CAD
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UofL Health - Medical Plaza 4 | 4331 Churchman Ave
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