Single tenant building that was custom built to suit for the Commonwealth of Kentucky Cabinet for Health and Family Services. The property is leased until June 30, 2028 making this a high return office investment with nearly 7 years of lease term remaining. This office building is offered for sale at less than 50% of replacement cost. This modified gross lease provides for tenant paid utilities and some tenant paid maintenance. The net operating income is approximately $52,000 per year providing a 7.43% cap rate.
# of Buildings
Request more info about this property:
This listing courtesy of Copperwood Realty Group LLC. All Information is believed accurate, but is NOT guaranteed.
The data relating to the real estate for sale on this web site comes
in part from the Broker Reciprocity program of the Northern Kentucky
Multiple Listing Service, Inc. Real estate listings held by brokerage
firms other than Jordan Realtors are marked with the Broker
Reciprocity logo or Broker Reciprocity house icon. The properties
displayed may not be all the properties available through Broker