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Bank

Cumberland Valley National Bank

13201 Magisterial Dr, Louisville, KY 40223

Listing Price: $1,550,000

Cap Rate
5.58%
Tenant Name
Cumberland Valley National Bank + ANTECH
Years Remaining On Lease
4.9
Guarantor
Corporate Guarantee
Rentable SF
5,775
Lease Type
Double Net
Rent Per Square Feet
$15.55

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.

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.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Bank

Cumberland Valley National Bank

Listing Price: $1,550,000

Cap Rate
5.58%
Tenant Name
Cumberland Valley National Bank + ANTECH
Years Remaining On Lease
4.9
Guarantor
Corporate Guarantee
Rentable SF
5,775
Lease Type
Double Net
Rent Per Square Feet
$15.55

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.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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