Brandon Cutwright - Commercial Real Estate Showcase

Brandon Cutwright Property Listings
Silvestri Real Estate
444 E Main St
Suite 102
Lexington, KY 40507-1920

3200 Loch Ness Drive - Cedar Run

Lexington, KY 40517 - Outer Southeast Lexington MF Submarket

Property Type:Multi-Family Number of Units:152 Status:Existing Year Built:1985
Stories:2 Building Size:102,960 SF Land Area:9.15 AC (398,574 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:- GRM:-

Parking:2.52 Parking Spaces / 1,000 SF

Sale Notes:
Cedar Run Apartment Homes is a Class 'B' asset located in a very highly desirable area of Lexington, KY. This stable, cash flowing property has been well managed and maintained. The value-add opportunity is unprecedented given that the property has not traded in 32 years! The current rent roll is has abundant room for growth. Cedar Run apartments and its' competitors maintain a high occupancy due to the fabulous proximity to abundant choices of restaurant, amenities and The Fayette Mall. Nearby new construction at Fritz Farm is driving rents in the entire sub-market.

OM Distribution - Tuesday, March 14, 2017

Tour Dates - Thursday, March 16, 2017 Friday, April 2, 2017

Initial Offer Submission Date - Wednesday, April 12, 2017

Best and Final Date - Tuesday, April 18, 2017

Award Date - Wednesday, April 19, 2017

Silvestri Real Estate
Brandon Cutwright
(859) 263-2300

Ken Silvestri
(859) 263-2300

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