1648 McGrathiana Pky - Office FOR SALE


Lexington, KY 40511
$25,000,000 USD
404-876-1640
1648 McGrathiana Pky, Lexington, KY for Sale
$25,000,000 USD
Office - FOR SALE
1/3
null | 7.92% Cap Rate

1648 McGrathiana Pky
Lexington, KY 40511


HIGHLIGHTS

  • WALT 3.00 | 8 Tenants in 16 suites
  • Year built: 2009 | Average rent PSF $20.71
  • Redundant power from two different substations | Two separate generators
  • 80-Year land lease
  • Excellent engineer/management in place
  • Kentucky Broker of Record: Bang Realty, Brian Brockman, Bang Realty KY License #204982

OVERVIEW

Opportunity to acquire a 100% occupied class “A” office building in Lexington, KY. The gorgeous 5-story ±172,215 SF building built in 2007 is anchored by long term tenants; University of Kentucky & the American Board of Family Medicine. The impressive tenant roster includes other household names such as A&W, FBI, Secret Service, Lockheed Martin, and KOMATSU. The property is well-located in The University of Kentucky Coldstream Research Campus. The campus is conveniently located 2-blocks from the Newton Pike exit off Hwy 64, 5 miles north of downtown Lexington and only 8.6 miles from the Blue Grass airport. Acquiring the property at just $145 per square foot offers investors a rare opportunity to purchase well below replacement cost, creating long-term value with both income stability and significant upside potential.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

7.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Class "A" Office | ±172,215 SF

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

822

LAND DETAILS

LAND ACRES

9.6 AC

LAND SF

418,176 SF

ZONING

P-2

APN/PARCEL ID

38107630

ASK ABOUT THIS PROPERTY

Michael BullBull Realty Inc.More Info
404-876-1640

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Michael BullBull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.