Listed by ParaSell Inc, Sands Investment Group Los Angeles, Sands Investment Group Charleston, Sands Investment Group
$999,999
Integra MRI & Pain Center Multi-Tenant Strip
Details
Property Type Office
Sub Type Medical Office
Square Footage 7,400
Units 4
Cap Rate 9.86%
NOI $98,645
Occupancy 100%
Tenancy Multi
Brand/Tenant The Injury Centers, Sharper Image Hair Styles
Lease Options Varies
Price per SqFt $135
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.
Investment highlights
- Attractive seller financing available at a 9.50% CAP Rate on $98,645 NOI, with 30% down ($300,000), a $700,000 loan at 6% interest, 30-year amortization, and a 5-year balloon; buyer may elect interest-only or principal and interest payments, with seller holding first lien position. 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
Listed by ParaSell Inc, Sands Investment Group Los Angeles, Sands Investment Group Charleston, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,645.00
$8,220.42/mo
Valuation Metrics
0
DSCR
9.86%
Cap Rate
9.86%
ROI
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