4803 Olympia Park Plz - Office FOR SALE


Louisville, KY 40241
$22,619,153 USD
918-494-2690
4803 Olympia Park Plz, Louisville, KY for Sale
$22,619,153 USD
Office - FOR SALE
1/4
null | Request Cap Rate

4803 Olympia Park Plz
Louisville, KY 40241


HIGHLIGHTS

  • Long-Term, Absolute Net Lease
  • Strategic Location in Top U.S. Metropolitan Area
  • Institutional-Quality Asset
  • Significant NOI Coverage to Ground Rent
  • Secure Ground Lease Investment
  • Zero Cash Flow Structure with Paydown/Readvance

OVERVIEW

$4,304,049 Equity Required (23.5% Over Debt) Northmarq Commercial is pleased to exclusively offer for sale the ground lease interest in Two Olympia Park located at 4803 Olympia Park Plaza in Louisville, KY. The Property is located at the interchange of I-265 and I-71 and encompasses 137,486 square feet of contemporary, Class A office space situated on ±6.7 acres of land. The underlying absolute NNN ground lease is for a term of 99 years through March 2121, and features rental increases of 2% annually. The asset is being offered with assumable, fixed rate, high-leverage financing offering a low-equity investment solution to 1031 exchange buyers. In association with Brad Pepin, KY Lic #246584

FOR SALE DETAILS

PRICE

$22,619,153 USD

PRICE/SF

$113 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Two Olympia Park Plaza - Ground Lease

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

477

LAND DETAILS

LAND ACRES

6.7 AC

LAND SF

292,026 SF

ZONING

C-1

APN/PARCEL ID

328600170000

ASK ABOUT THIS PROPERTY

Zach PoolNorthmarqMore Info
918-494-2690

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Zach PoolNorthmarqMore Info
918-494-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.