2125 State Street, New Albany, IN 47150
Please take a moment to review this investment opportunity in the Louisville, KY MSA. Some of the property highlights include:
- 60% Leased to Floyd Memorial Hospital (BBB- Credit Rated) & They Would Like to Expand
- 0.3 Miles from the 329-Bed Floyd Memorial Hospital
- $184/SF – Well Below Replacement Cost
- Winn-Dixie Grocery Store Conversion to MOB
Investment Overview
Marcus & Millichap is pleased to present the New Albany MOB. The project is located in the Louisville, KY MSA at 2125 State Street in New Albany, IN.
The New Albany MOB is a 59,587 SF, multi-tenant medical office building situated near the Floyd Memorial Hospital campus. The property, formerly a Winn-Dixie grocery store, was transformed into a MOB due to the overwhelming need for additional medical space in the surrounding area. Located 0.3 miles from the 329-bed Floyd Memorial Hospital (BBB- Credit), the subject property is a testament to the growing demand for medical services in the local area. Floyd Memorial occupies 60% of the current rentable space and would like to further expand their operations at the property. The project is currently 95% leased to 3 tenants offering an investor the opportunity to own a stabilized and majority credit leased MOB.
The building’s excellent access to the I-265, coupled with its close proximity to the Floyd Memorial Hospital, provides ideal positioning and convenient services.
Please execute and return the CA and I’ll promptly send you the Offering Memorandum. I look forward to discussing this deal in further detail with you.
If you’re interested in learning more about this opportunity, please contact
John Smelter
Senior Director
Healthcare Real Estate Group
(858) 373-3233 – Direct
John.Smelter@marcusmillichap.com
License: CA 00859006
Nick Reese
Associate
Tel: (949) 419-3307
nicholas.reese@marcusmillichap.com
License: CA 01934605
Josh Caruana
Broker of Record
600 East 96th Street, Suite 500
Indianapolis, IN 46240
License: PB20803582
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