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11807 Brinley Avenue, Louisville, KY 40243

Commercial property for sale

  • Description
  • The two (2) story brick building has 3,840 SF on each floor with a full basement. It is located in a small office park with a total of twelve (12) buildings. The Tenant is a regional Actuarial Company that has been a tenant since October 1, 2003. The building was renovated in 2009 for the present tenant. Tenant spent $40,000 of their own funds to update their conmputer room. The property is in very good condition with no deferred maintenance issues. The property is presently 100% leased with an extension of the lease under negotiation at this time. The last year of the present lease expires on September 31, 2013. The seller and the tenant are presently negotiating a new five year lease that would start 10/1/2013 with two five year options. We know that the CAP RATE will be at least 10.58% or greater. We should have the lease completed by December 1, 2012. The building is connected by a management agreement with two other buildings next door. Therefore, management is in place. Building price details: $750,000.
  • Property Details
  • Building Name: The Brinley ll
    Property Type: Office
    Use Types: Business Park
    Status: Available
    Price: $ 98 +/SF
    Number of Stories: 2
    Year Built: 1998
    Year Renovated: 2009
    MSA: Louisville-Jefferson County
    Zoning: OR-3
    Buildings: 1
    Tenancy: Single Tenant
    Broadband Internet: T1/T3
    Construction: Brick
    Terms: Cash to Seller
    Added: 09/07/2012
    Last Update: 01/02/2013
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 25
    Parking Type: Surface
  • Contact info
  • 502-425-6000 [Office]
  • Note

  • Details Info about this row that located on 11807 Brinley Avenue, Louisville, KY 40243 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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