Advanced ENT, South Louisville is an 8,775-square-foot, single-tenant medical office building located at 1725 Gagel Avenue in Louisville, Kentucky. Constructed in 2019 on a 1.40-acre lot, the property serves the South Louisville and Shively population corridor, with direct visibility to the Dixie Highway commercial spine and convenient access to Interstate 264. The facility was purpose-built for Advanced ENT & Allergy, allowing the practice to extend its clinical reach into the South Louisville patient base from a dedicated, modern outpatient facility.
Advanced acquired the property in January 2018 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, with Advanced ENT & Allergy as the inaugural and only tenant.
The investment thesis was straightforward. The South Louisville corridor along Dixie Highway carries roughly 57,100 vehicles per day and serves a five-mile population base of approximately 190,000. The area was historically underserved by modern ENT and allergy/immunology capacity, creating a clear demand case for a purpose-built facility in this corridor. Advanced ENT & Allergy entered the submarket as the dominant provider, with referral support from its established Louisville and Southern Indiana network. The single-tenant net-lease structure aligned with Apta’s broader medical office hold strategy and provided predictable cash flow across the hold period.
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 seven years of ownership.
