Description

Blossom Park Medical Center is a 6,240 SF office property for sale at 240 Blossom Park Dr in Georgetown, KY 40324. The Property is 100% occupied, placing its existing tenancy at the center of the investment opportunity in the Georgetown submarket.

Built in 2004, the Property occupies a 0.78-acre site and has multiple tenants. For an office investor, the combination of a defined building size and multi-tenant occupancy creates a single-asset acquisition with income tied to more than one occupant. The site and building can be considered together rather than as separate purchases, while the building’s year of construction gives a buyer a clear starting point for reviewing its physical profile. At 100% occupancy, the investment case rests on the Property’s current leased position rather than on filling vacant space after acquisition.

The asking price is $2,041,000, with a price of $327.08 PSF and a land price of $2,616,666.67 per acre. In-place NOI is $158,186, and the in-place cap rate is 7.75%. Those measures give a buyer distinct ways to consider the purchase price against the building, the site and the income currently in place. The multi-tenant structure also makes the existing tenancy an important part of the acquisition review. Blossom Park Medical Center offers an investor a Georgetown office property with full occupancy and an in-place income profile at a defined asking price.