Baptist Health Medical Building 800 Highlander Point Dr Bureau 2 200 m² 100 % Loué À vendre Floyds Knobs, IN 47119 5 248 320 € (2 385,66 €/m²) Taux de capitalisation 6,73 %

Buyer Registration Link: https://form.jotform.com/252374319559163
Jennifer Stein Real Estate, Inc., acting as in-state broker of record, and Physician Real Estate Capital Advisors, LLC, acting as out-of-state cooperating broker, have been retained as the exclusive advisor for the disposition of the 100% occupied Baptist Health Medical Building located outside of Louisville, Kentucky in Floyds Knobs, Indiana.
The 23,680 square foot, three-story, multi-tenant, medical office building was built in 1988 and has benefited from numerous improvements over the years. The property is positioned on a large, 2.2 acre parcel, with 160 parking spaces providing a 6.81:1,000 parking ratio. In 2023, Baptist Health (Fitch A+), who occupies 66% of the asset, invested over $1,000,000 into the expansion of their Family Medicine services provided on the second floor. The main building roof, and roof above the urgent care on the lower level, were replaced in 2023. All HVAC units have been systematically replaced over the last ~8 years.
Since the seller acquired this asset ~9 years ago, the building has not experienced any vacancy. Baptist Health occupies an urgent care on the first floor and offers family medicine on the second and third floors. Chase Bank, a long-term occupant benefiting from five drive-thru lanes, recently updated their suite and executed a 5-year renewal. A chiropractor and orthodontist occupy the balance of the building.
All leases are NNN with tenants reimbursing their pro-rata share of CAM, real estate taxes, and insurance. Tenants are also responsible for the reimbursement of a market-rate property management fee. The weighted average lease term remaining, as of October 1, 2025, will be 4.81 years. All medical tenants include 3.00% annual rent escalations while Chase Bank is operating under a flat lease that will escalate 10% in their 5-year renewal option.
Floyds Knobs, Indiana is located across the Ohio River just 10 miles northwest of Downtown Louisville, Kentucky. The community is notably affluent with household incomes roughly 1.8-2 times higher than county and state averages. Considered a “commuter suburb”, residents benefit from a 15–20-minute drive to downtown Louisville and the airport.
Buyer Registration Link: https://form.jotform.com/252374319559163