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Property profile & analytics
OFF-MARKET
Life science properties

1575 Mcgrathiana Pkwy Lexington, KY 40511-1270

56,774 SF Built 2005
Entity Owned Free & Clear
Property ID
US34-0721246
Property summary
AI-generated overview

This exceptional investment opportunity presents a 21,543 square foot Class B industrial flex building situated on an 11.2-acre lot in Lexington, Kentucky. Built in 2014, the property boasts a 100% occupancy rate with a single tenant, Piramal Pharma Solutions, under a 25-year absolute NNN lease. The lease includes a 2% annual rent bump, ensuring consistent income growth. The asking price is $30,000,000, representing a compelling 7.75% capitalization rate and a price per square foot of $1,392.56. The property's Net Operating Income (NOI) is $2,325,000. Located at 1575 McGrathiana Pkwy, Lexington, KY 40511 (APN 38051560), this sale-leaseback transaction offers a secure, long-term investment with a strong tenant and a parent company guarantee. The property is ideally suited for investors seeking stable, high-yield returns in a desirable location. This build-to-suit facility provides peace of mind with a long-term lease and built-in rent increases. The property's strategic location and strong tenant profile make it an attractive investment opportunity.

Property profile
Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 2005
Total area 56,774 SF
Zoning code P-2
APN 38258010
UPID US34-0721246
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Piramal Pharma Solutions Factory Production Facility
  • Coldstreamlabs Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
COLDSTREAM LABORATORIES INC
COLDSTREAM LABORATORIES INC
Zoning & alternative use
P-2 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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