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Office/Data Center Campus For Lease
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3475 Blazer Pkwy, Lexington, KY 40509

Office and data center campus with flexible floor plans.

Space Size33,025 SF
Property Size120,018 SF
Lot Size23.00 Acres
Days on Market2056

Property Features for 3475 Blazer Pkwy

General Information

Standard status Active
Size 33,025 SF
Class B
Total Parking Spaces 240
Lot size 23.00 Acres
Property subtype Office, Special Purpose
Lease Type Gross

Building Details

Building Size 120,018 SF
Year Built 1991
Tenancy Multiple

Spaces For Lease

at 3475 Blazer Pkwy Contact us

3475 Bldg. - Ground Floor- Data Center

Size
33,025 SF
Type
Office, Special Purpose
Lease Type
Gross
Availability
Active
Contact us

3475 Bldg. - 1st Floor

Type
Office, Special Purpose
Lease Type
Gross
Availability
Active
Contact us

3475 Bldg. - 2nd Floor

Type
Office, Special Purpose
Lease Type
Gross
Availability
Active
Contact us

3475 Bldg - 3rd Floor

Type
Office, Special Purpose
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Jacobsma and Associates
Listed By: Karen Jacobsma · License #CA 02057378
Source: Crexi
Added: Jan 14, 2021 Changed: Aug 8 Last Checked: Sep 1 at 6:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jacobsma and Associates

Investment Insights

Based on property information with market context.

This office campus comprises two well-maintained office and data center buildings situated on a landscaped 23-acre campus. The grounds feature two large ponds with fountains and over one mile of walking trails. Located near Richmond Road and Man O War Boulevard, the property formerly served as the world headquarters and data center for Valvoline Oil & Ashland Oil Company. Each building offers a flexible and efficient floor plan suitable for single or multiple tenants, with a combined total square footage of up to 365,000. The property includes a Tier lll data center on the ground and first floors, equipped with redundancies in power supply, fiber optics, backup generators, cooling equipment, boilers, and a battery backup system for CPUs. The 2nd and 3rd floors are configured as office and flex space. Both buildings can be leased individually or together, presenting an opportunity for a corporate or world headquarters with a data center.

Key Highlights

  • Tier III data center with redundant power, fiber optics, backup generators, cooling, and battery backup.
  • Large, flexible floor plans totaling up to 365,000 sq ft across two buildings, suitable for single or multiple tenants.
  • Potential for corporate or world headquarters location.

Property Analytics

Current Use

Bluegrass Specialty Surgery ... Medical Clinic Briggs Waste Rentals Waste Management Facility Water Damage Experts ... Construction Company

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,951
Businesses Nearby

Demographics for 40509, KY

44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value

Market

Lease Benchmarks for Lexington, KY

$18.42 /SF/Yr
Avg Asking Price
$11.5–$26 /SF/Yr
Price Range
67,563 SF
Avg Space Size

This space is priced 13% below the average of $18.42 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office and data center campus with flexible floor plans.
Where is this office building located?
The property is located at 3475 Blazer Pkwy Lexington, KY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Tier III data center with redundant power, fiber optics, backup generators, cooling, and battery backup.; Large, flexible floor plans totaling up to 365,000 sq ft across two buildings, suitable for single or multiple tenants.; Potential for corporate or world headquarters location.
(805) 239-3090 Call to check price and availability
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