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The Galen Center

Off-Market

1031 Zorn Avenue, Louisville, KY 40207

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 52,000 SF
  • Lot Size 1.33 Acre
  • Parking Spaces Avail. 208
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2002

Location

  • Walk Score ® Car-Dependent (23)
  • Transit Score ® Minimal Transit (24)
  • Bike Score ® Somewhat Bikeable (39)
Powered by Walk Score ®
  • City Louisville, KY
  • Neighborhood Clifton Heights
  • Zip Code 40207
  • Market Louisville

Points of Interest

Thornton's Gas & Minimart

1.34 miles

Kroger Fuel Center

1.35 miles

Speedway

1.35 miles

Marathon

2.04 miles

Speedway

2.98 miles

Speedway

3.02 miles

ChargePoint

3.03 miles

Kroger Fuel

3.21 miles

Thorntons

3.33 miles

Thorntons

3.35 miles

Golf Cart Area

1.30 miles

Kroger Parking Lot

1.37 miles

APH Yellow Lot

1.68 miles

Yellow Parking

2.08 miles

Turquoise Parking

2.20 miles

Tan Parking

2.29 miles

Silver Parking

2.39 miles

Red Parking

2.47 miles

Lincoln Parking

2.63 miles

Purple Parking

2.71 miles

Ramada by Wyndham Louisville North

0.08 miles

Frankfort Avenue Coach House

1.73 miles

AC Hotel by Marriott Louisville Downtown

2.83 miles

The Bellwether Hotel

3.10 miles

Residence Inn - Louisville Downtown

3.15 miles

Cambria Hotel Louisville Downtown-Whiskey Row

3.24 miles

Aloft Louisville Downtown

3.38 miles

Hampton Inn Louisville Downtown

3.40 miles

SpringHill Suites by Marriott Louisville Downtown

3.43 miles

Fairfield Inn & Suites by Marriott Louisville Downtown

3.45 miles

El Nopal

0.09 miles

Kingfish Restaurant

0.34 miles

Levee at River House

0.34 miles

River House Restaurant & Raw Bar

0.34 miles

Pat's Steak House

1.29 miles

Great Wall

1.32 miles

El Frijol

1.33 miles

Domino's

1.35 miles

Pizza Hut

1.35 miles

McDonald's

1.35 miles

University of Louisville Potamological Institution

0.41 miles

Saint Leonards School

0.99 miles

Quality Childcare

1.40 miles

Kentucky School for the Blind

1.55 miles

Louisville Academy of Music

1.59 miles

Poiema Bible Institute

1.59 miles

Magpie3x3

1.72 miles

Chenoweth Elementary School

1.72 miles

Saint Frances of Rome School

1.75 miles

Holy Trinity Clifton Campus

1.78 miles

Kiddo

1.60 miles

Sproutlings Pediatric Day Care & Preschool

2.32 miles

Rise and Shine Child Care Center

2.97 miles

Rise and Shine Child Care Center

2.98 miles

Cornerstone Child Development Center

3.26 miles

Kiddie Kampus Day Care

4.90 miles

Lost Child Area

5.00 miles

St. Benedict Center for Early Education

5.83 miles

Little Achiever's Academy

6.00 miles

Brilliant Minds Academy

6.36 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 01 Feb, 2008
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Louisville

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Louisville Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $18.61
  • 2020 Office Vacancy Rate 12.50%
  • 2020 Office Completions (SF) 40,000

Louisville Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $194.60
  • 2020 Office Sales Volume $163.7M
  • 2020 Number of Transactions 6
View more Louisville market trends

Tax

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of The Galen Center?

The Galen Center totals 52,000 square feet.

When was this property built?

The Galen Center was built in 2002.

When was The Galen Center last sold?

The Galen Center was last sold on 01 Feb, 2008.

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