Listed by NAI Isaac
$7,250,000
Multi-Story Office Building
Details
Property Type Office
Sub Type Traditional Office
Square Footage 70,277
Cap Rate 7.50%
NOI $543,779
Price per SqFt $103
Class A
Buildings 1
Zoning Office
Investment Type Stabilized
Office | 7.50% CAP | 70,277 SqFt
Marketing description
NAI Isaac is pleased to present a 70,277 SF office building for sale in Prestonsburg. The property's central location, substantial size, and flexible layout present an outstanding opportunity for an owner-occupant, investor, educational user, medical provider, or government agency seeking a highly visible regional headquarters
Investment highlights
- ±70,277 SF multi-story office building for sale
- Stabilized investment office building with exceptional rental history in the heart of downtown Prestonsburg
- Excellent opportunity for owner-user, government agency, educational institution, healthcare provider, or regional office headquarters
- Flexible floor plans suitable for single or multi-tenant occupancy
- Priced well below replacement cost
- Located within the commercial center of Prestonsburg, the economic hub of Eastern Kentucky
- Minutes from Big Sandy Regional Medical Center and other healthcare providers
- Convenient access to US 23 and KY 114, providing regional connectivity throughout Eastern Kentucky
- Serves the surrounding regional communities of Pikeville, Paintsville, Martin, Allen, and neighboring counties
Listing Contacts
Listed by NAI Isaac
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$543,778.63
$45,314.89/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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Property History
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