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Fifth Street Center 525 W 5th St 44,864 SF 81% Leased Office Building Covington, KY 41011 $4,754,982 CAD ($105.99 CAD/SF) 8.50% Cap Rate
Executive Summary
Multitenant office building for sale. Potential for conversion to corporate headquarters, hotel, apartments, mixed-use.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
44,864 SF
Building Class
B
Year Built
1984
Price
$4,754,982 CAD
Price Per SF
$105.99 CAD
Cap Rate
8.50%
NOI
$404,174 CAD
Percent Leased
81%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,955 SF
Slab To Slab
10’
Building FAR
1.01
Lot Size
1.02 AC
Parking
120 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Property Manager on Site
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 1,071 SF
- Office
- -
- Now
- 1st Fl-Ste 115
- 2,810 SF
- Office
- -
- Now
- 1st Fl-Ste 119
- 1,035 SF
- Office
- -
- Now
- 2nd Fl-Ste 214
- 1,094 SF
- Office
- -
- Now
- 3rd Fl-Ste 324
- 2,463 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,071 SF | Office | - | Now |
| 1st Fl-Ste 115 | 2,810 SF | Office | - | Now |
| 1st Fl-Ste 119 | 1,035 SF | Office | - | Now |
| 2nd Fl-Ste 214 | 1,094 SF | Office | - | Now |
| 3rd Fl-Ste 324 | 2,463 SF | Office | - | Now |
1st Floor
| Size |
| 1,071 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 115
| Size |
| 2,810 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 119
| Size |
| 1,035 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 214
| Size |
| 1,094 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 324
| Size |
| 2,463 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 040-43-08-001.00 | Improvements Assessment | $2,233,100 CAD |
| Land Assessment | $1,397,400 CAD | Total Assessment | $3,630,500 CAD |
Property Taxes
Parcel Number
040-43-08-001.00
Land Assessment
$1,397,400 CAD
Improvements Assessment
$2,233,100 CAD
Total Assessment
$3,630,500 CAD
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Fifth Street Center | 525 W 5th St
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