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230 Thomas More Pkwy Carthage, KY

For Sale
$725,000

Medical office building occupied by St. Elizabeth Physicians.

Lot size:
1.11 Acres

Property Features for 230 Thomas More Pkwy

General Information

Lot size
1.11 Acres

Source: SVN Creviston Realty, Inc. Agent Jacob Creviston

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Medical Office Investment Opportunity

This property presents an investment opportunity with St. Elizabeth Physicians, the multi-specialty physician organization of St. Elizabeth Healthcare, currently occupying the building. St. Elizabeth Physicians has a network featuring 131 physician offices. The organization consists of 402 physicians, 202 advanced practice providers, and more than 1,200 non-provider associates, delivering patient-centered medical care to residents of Northern Kentucky, Southwest Ohio, and Southeast Indiana. St. Elizabeth Physicians is currently occupying the building through April of 2020 and has executed their 5th lease renewal extending them through April 30, 2025. The property is on a ground lease with Thomas More College with approximately 50 years remaining on the ground lease. CAM through 4/30/2025 is $2424.24 per month, which goes into the Condo Association's checking account controlled by the current owner.
Location Intelligence

Current Use by Public Records

Medical offices

Map

City
Carthage
County
Campbell
State
Kentucky
Longitude
-84.3071593
Latitude
38.9356202

FAQs

What type of property is this?
Medical office - Medical office building occupied by St. Elizabeth Physicians.
Where is this medical office located?
The property is located at 230 Thomas More Pkwy Carthage, KY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: - Long-term tenant: St. Elizabeth Physicians lease extends through April 30, 2025, with a history of multiple lease renewals.; - Established tenant: St. Elizabeth Physicians is a large and respected medical provider in the Greater Cincinnati region.; - Approximately 50 years remaining on the ground lease with Thomas More College.
More about this property
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