1575 Mcgrathiana PkwyLexington, KY 40511
High-yield, 100% occupied flex facility.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 21,543 SF Class B industrial flex building on an 11.2-acre lot in Lexington, KY.
- 100% occupied by Piramal Pharma Solutions under a 25-year absolute NNN lease with a 2% annual rent increase.
- $30,000,000 asking price, representing a 7.75% cap rate and $1,392.56/SF.
- $2,325,000 Net Operating Income (NOI).
- Sale-leaseback opportunity with parent company guarantee at 1575 McGrathiana Pkwy, Lexington, KY 40511 (APN 38051560).
Property Details for 1575 Mcgrathiana Pkwy
- Property type
- Industrial properties, Flex space
- Square Feet
- 21,543 SF
- Class
- B
- Year Built
- 2014
- Lot Size (sq. ft)
- 487,872 SF
Location Insight
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Latitude
- 38.0949184
- Longitude
- -84.4941999








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