1648 McGrathiana Pkwy Lexington, KY 40511

Building Details

Year Built

2009

Listing agency Bull Realty M***@bullrealty.com Show Phone

Listed by Michael Bull, CCIM

Source Bullrealty

Added: Nov 25, 2025 Updated: Jul 6 at 10:26AM Checked: Jul 21 at 8:36AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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

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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