Description
On behalf of Central Kentucky Ambulatory Surgery Center, LLC, Block+Lot is pleased to offer the Gilcher Building located at 230 W. Main Street in Danville, KY for sale. The Gilcher Building is a Class A, 51,407 SF, four-story, medical/professional office building investment that has a highly stabilized operating history. Anchored by the Central Kentucky Surgery Center and Ephraim McDowell as the primary tenants, the leases feature long and staggered terms, annual increases, and NNN structures. Contact agent for financial details. Property Highlights:- 75% of occupied space has 8+ years of term remaining- 3% Annual Increases- NNN Leases- 98% Occupied- 7.40% Year 1 Cap Rate- Direct access to Ephraim McDowell parking garageThe Gilcher Building is located in the heart of Downtown Danville, KY at 230 W. Main Street. Appx. 35 miles south of Lexington, Danville is seen as one of the most charming and stabilized tertiary markets in KY. Just down the street from the Gilcher Building is Centre College, widely regarded as the most prominent liberal arts institutions in the Commonwealth of Kentucky.
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0BEDS
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0.45ACRES
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0BATHS
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01/2 BATHS
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51,407SQFT
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$263$/SQFT
School Ratings & Info
Description
On behalf of Central Kentucky Ambulatory Surgery Center, LLC, Block+Lot is pleased to offer the Gilcher Building located at 230 W. Main Street in Danville, KY for sale. The Gilcher Building is a Class A, 51,407 SF, four-story, medical/professional office building investment that has a highly stabilized operating history. Anchored by the Central Kentucky Surgery Center and Ephraim McDowell as the primary tenants, the leases feature long and staggered terms, annual increases, and NNN structures. Contact agent for financial details. Property Highlights:- 75% of occupied space has 8+ years of term remaining- 3% Annual Increases- NNN Leases- 98% Occupied- 7.40% Year 1 Cap Rate- Direct access to Ephraim McDowell parking garageThe Gilcher Building is located in the heart of Downtown Danville, KY at 230 W. Main Street. Appx. 35 miles south of Lexington, Danville is seen as one of the most charming and stabilized tertiary markets in KY. Just down the street from the Gilcher Building is Centre College, widely regarded as the most prominent liberal arts institutions in the Commonwealth of Kentucky.
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Listing provided courtesy of Peter Barr of Block + Lot Real Estate: (859) 309-0099 . Listing information © 2023 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.