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29877203
29877204

2137 Dixie Hwy, Louisville, KY 40210

SR
KY KY - 260997, CA 02101543 (+42)
ParaSell Inc
CS
CA 01387583, SC 93103 (+2)
Sands Investment Group Los Angeles
ZB
FL FL Lic. # SL3636099
Sands Investment Group Charleston
CK
GA GA Lic. # 405304
Sands Investment Group
Listed by ParaSell Inc, Sands Investment Group Los Angeles, Sands Investment Group Charleston, Sands Investment Group
$983,000
104 days on market
Updated 34 days ago

Integra MRI & Pain Center Multi-Tenant Strip

Details
Property Type Office
Sub Type Medical Office
Square Footage 7,400
Units 4
Cap Rate 9.5%
NOI $93,416
Occupancy 100%
Tenancy Multi
Brand/Tenant The Injury Centers, Sharper Image Hair Styles (+2)
Lease Options Varies
Price per SqFt $133
Year Built 1950
Year Renovated 2019
Buildings 1
Acreage 0.970
Investment Type Net Lease
Tenant Credit Corporate Guarantee

High-Performing Medical & Retail Asset - Louisville, KY | 4-Units Fully Leased

Marketing description

Sands Investment Group is pleased to exclusively present for sale the impressive property at 2137 Dixie Hwy in Louisville, KY, featuring a 7,400 SF building with 4 units, offering a prime location and excellent visibility. Built in 1950, the property boasts 100% occupancy, presenting a strong financial profile for prospective investors. With a focus on functionality and modern appeal, this well-maintained building provides a solid foundation for long-term success. Don't miss this chance to add a high-performing office property to your portfolio and capitalize on the thriving Louisville market.

LEARN MORE HERE


Investment highlights

  • Property is anchored by healthcare and childcare tenants, two industries historically resilient through economic cycles, supporting long-term occupancy and income stability.

  • Fully leased multi-tenant asset providing immediate, predictable cash flow with diversified income streams across medical, childcare, imaging, and service-oriented users.

  • Integra Medical Imaging utilizes the rear portion of the property for operational purposes, generating additional income without occupying interior building space, enhancing overall revenue efficiency while preserving rentable square footage.

  • Strategically positioned along a major Louisville commercial corridor with 17,000 VPD, high visibility, and dense surrounding residential demographics supporting service-based tenants.

  • The average property rent of approximately $15/SF remains materially below prevailing market rents of roughly $19/SF in the surrounding Dixie Highway corridor, providing investors with a defined path to rental rate growth through renewals and re-leasing.

  • Integra MRI and the other medical tenants have invested significant capital into specialized electrical infrastructure and custom build-outs, creating high relocation costs and strong incentives to renew in place.

  • Lease commencement dates spanning multiple years create a staggered rollover profile, reducing exposure to single-year vacancy and smoothing long-term cash flow.

Listing Contacts

SR
KY KY - 260997, CA 02101543 (+42)
ParaSell Inc
CS
CA 01387583, SC 93103 (+2)
Sands Investment Group Los Angeles
ZB
FL FL Lic. # SL3636099
Sands Investment Group Charleston
CK
GA GA Lic. # 405304
Sands Investment Group
Listed by ParaSell Inc, Sands Investment Group Los Angeles, Sands Investment Group Charleston, Sands Investment Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,416.00
$7,784.67/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Scott Reid
License
KY #260934
Brokerage
ParaSell, Inc.
Title
Broker of Record
Brokerage Address
In Association With Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Kentucky Broker Lic. #BRKP.2020001224 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NY, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Name
Scott Reid
License
KY - 260997
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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