For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

1648 Mcgrathiana Pkwy Lexington, KY 40511

Loading data...
Loading data...
Loading data...
For Sale
$25,000,000

100% occupied Lexington office building anchored by long-term tenants.

Building Details

Year built
2009

Source: Michael Bull, CCIM Agent Michael Bull, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Class A Office Building

This is an opportunity to acquire a 100% occupied Class A office building in Lexington, KY. Constructed in 2007, the 5-story building encompasses approximately 172,215 square feet. It is anchored by long-term tenants, including the University of Kentucky and the American Board of Family Medicine. The tenant roster also includes A&W, FBI, Secret Service, Lockheed Martin, and KOMATSU. The property is located in The University of Kentucky Coldstream Research Campus, two blocks from the Newton Pike exit off Hwy 64, 5 miles north of downtown Lexington, and 8.6 miles from the Blue Grass Airport. The property features redundant power from two different substations and two separate generators. It operates under an 80-year land lease. The building was built in 2009 and has 8 tenants in 16 suites. The average rent per square foot is $20.71. The Weighted Average Lease Term (WALT) is 3.00. Excellent engineer and management are in place.
Location Intelligence

Current Use by Public Records

Corrisoft Software Company American Board of Family ... Doctor A&W Restaurants, Inc. Fast Food Restaurant Operation Dry Water Boat Ramp University of Kentucky Internal ... Academic Department

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lexington
County
Fayette
State
Kentucky
Longitude
-84.490824
Latitude
38.097193

FAQs

What type of property is this?
Office building - 100% occupied Lexington office building anchored by long-term tenants.
Where is this office building located?
The property is located at 1648 Mcgrathiana Pkwy Lexington, KY.
What is the asking price?
The asking price for this property is $25,000,000.
What are key features of this property?
This property features: - 100% occupied Class "A" office building with long-term tenants including University of Kentucky and American Board of Family Medicine; - Purchase price of $145 per square foot, well below replacement cost; - Located in The University of Kentucky Coldstream Research Campus with convenient access to major transportation routes
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message