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Off Market
1/9

166 Pasadena Dr
Lexington, KY 40503


HIGHLIGHTS

  • +/- 12,096 sf divided between two suites
  • Lease in place until July 2021
  • Quick access to Nicholasville and New Circle Road
  • Ample Parking (5.37/1,000)
  • Access off Pasadena and Dennis Drive

OVERVIEW

Over the last 15 years the property has been leased to two separate medical practices who will be vacating the premises the summer of 2021. The improvement is currently fit up to accommodate another medical/clinical user with amenities including the following: reception/waiting area, nursing stations, private exam rooms, admin offices, patient and employee restrooms, x- ray radiation room as well as a kitchenette in each suite. Other features of the property are ample on-site parking (65 spaces) and car access from both Pasadena Drive and Dennis Drive. With the timeline of availability a little over a year away, this provides a new user with plenty of time to plan improvements as well as the logistics of a move while experiencing some cash flow along the way. Lastly, the healthcare sector in Central Kentucky has been the most sustainable driving force of growth and stability in the Bluegrass economy. With nearly 18-percent of the area’s workforce employed in healthcare and related fields, the demand for properties like this one is and will continue to be in high demand.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Fully Fit-Up Medical Office Building For Sale

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

11904

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.23 AC AC

LAND SF

53,579 SF

ZONING

-

APN/PARCEL ID

20027220