Bank
Cumberland Valley National Bank
13201 Magisterial Dr, Louisville, KY 40223
Listing Price: $1,550,000
Investment Overview
This is a class A two-tenant office building located in Louisville, KY. CVNB Bank just moved into the location at the beginning of 2022 on a 5-year lease commitment. Antech is a national 70-unit veterinary diagnostics lab with only 3 years remaining on its lease and no options to renew currently paying 50% below the market's rate. Antech's lease has attractive 2% annual increases and offers unique upside opportunity upon lease renewal. There is a synergetic tenant profile to the neighboring properties with two veterinary clinics within walking distance. The property is being sold below its total assessed value of $1,981,300 in 2021. The site is also surrounded by other national tenants and is located right off Interstate 265.
Cumberland Valley National Bank
Investment Highlights
- Class A Two-Tenant Building - Leased to National Tenants
- CVNB Recently Moved into Location (1/1/2022) - Recent Five-Year Lease Commitment
- ANTECH has 3.2 Years Remaining - No Renewal Options | Renegotiation Upside
- ANTECH | Low Lease Rate - 50% Below Market
- Property is Priced Below Total Assessment Value - Property was Assessed at $1,981,300 in 2021
- Synergetic Tenant Profile to Neighboring Properties - Veterinary Clinics in Immediate Proximity
- Surrounded by National Tenants & Interstate - Interstate-265 | ADT: 86,170
- Steady Population Growth - Louisville, KY is the 28th Most Populous City in the U.S.
Listing Price: $1,550,000
Investment Highlights
- Class A Two-Tenant Building - Leased to National Tenants
- CVNB Recently Moved into Location (1/1/2022) - Recent Five-Year Lease Commitment
- ANTECH has 3.2 Years Remaining - No Renewal Options | Renegotiation Upside
- ANTECH | Low Lease Rate - 50% Below Market
- Property is Priced Below Total Assessment Value - Property was Assessed at $1,981,300 in 2021
- Synergetic Tenant Profile to Neighboring Properties - Veterinary Clinics in Immediate Proximity
- Surrounded by National Tenants & Interstate - Interstate-265 | ADT: 86,170
- Steady Population Growth - Louisville, KY is the 28th Most Populous City in the U.S.
Investment Overview
This is a class A two-tenant office building located in Louisville, KY. CVNB Bank just moved into the location at the beginning of 2022 on a 5-year lease commitment. Antech is a national 70-unit veterinary diagnostics lab with only 3 years remaining on its lease and no options to renew currently paying 50% below the market's rate. Antech's lease has attractive 2% annual increases and offers unique upside opportunity upon lease renewal. There is a synergetic tenant profile to the neighboring properties with two veterinary clinics within walking distance. The property is being sold below its total assessed value of $1,981,300 in 2021. The site is also surrounded by other national tenants and is located right off Interstate 265.
