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2944 Breckenridge Ln, 108 W Daisy Ln, 1725 Gagel Ave, Louisville, New Albany, IN, KY

SENTA THREE PROPERTY PORTFOLIO
$20,118,684

Key Information

Cap Rate
6.5%
$ per SF
$420
Year Built
2016
Type
Healthcare
Occupancy
100%
NOI
$1,307,714
Leasable Area
47,797

Highlights

OFFERING SUMMARY

Matthews Real Estate Investment Services™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a three-property medical outpatient portfolio located in the greater Louisville, Kentucky metro area. This relatively newly constructed, single-tenant, net-leased portfolio is occupied by Southern Ear, Nose, Throat & Allergy Physicians (SENTA) under three separate NNN leases with 2.5% annual rent escalations and a little over 10 years of remaining term.

Founded in 2019 with an investment from Shore Capital Partners—a private equity firm managing $9.1 billion in assets—SENTA (https://www.sentapartners.com/) has quickly established itself as a leading network of top-tier ENT and allergy/Immunology specialists across the Southern U.S. As of 2024, SENTA employs 196 providers and operates 77 locations across seven states, including five ambulatory surgical centers.

The portfolio boasts strong five-mile populations across all three properties with the Breckenridge Lane property having a five-mile population of nearly 250k, the Daisy Lane property having a five-mile population of 116k, and the Gagel Avenue property having a five-mile population of just under 200k.

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Agents

Broker of Record

Kyle Matthews

License # RC52200195 (IN), 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203