Advanced ENT, New Albany is a 13,338-square-foot, single-tenant medical office building located at 108 West Daisy Lane in New Albany, Indiana. The facility was purpose-built in 2016 for Advanced ENT & Allergy, the regional ENT and allergy/immunology practice serving the Southern Indiana and greater Louisville medical community. The property sits within the Daisy Lane and Green Valley Road medical corridor, immediately adjacent to Baptist Health Floyd Hospital and the New Albany Plaza retail destination.
Advanced acquired the property in May 2016 as part of a long-term medical office strategy focused on purpose-built, single-tenant facilities occupied by established physician practices. The acquisition was directly sourced and structured as a long-hold income asset. Advanced ENT & Allergy was the tenant from inception.
The investment thesis was built on three factors. First, the asset class: single-tenant medical office buildings occupied by entrenched physician practices have longer effective tenures, lower turnover, and lower releasing risk than generic suburban office. Second, the tenant: Advanced ENT & Allergy is the dominant ENT and allergy practice in the New Albany submarket, with a referral network that extends across the Ohio River into Louisville and a patient base that grew steadily through the hold period. Third, the location: positioning across Daisy Lane from the 248-bed Baptist Health Floyd Hospital, with direct I-265 access to the broader Louisville metro, made this site one of the most strategically located outpatient facilities in the corridor.
In 2025, the property was sold as part of a three-property Advanced ENT portfolio to an institutional medical office buyer. The asset was successfully realized after nearly a decade of ownership.
