FOR SALE **2357 Huguenard Lane – Lexington, KY** **Stabilized Office Investment | 8.2% Cap Rate | Value-Add Expansion Opportunity** Property Overview Price: $1,499,000 Property Type: Professional Office Building Leased Square Footage: 6,840 SF Additional Basement Space: ~3,420 SF Total Building Size: ~10,260 SF Potential Occupancy: 100% Leased (Main Floors) - single tenant, multi-state healthcare tenant in high demand industry Investment Highlights • Stabilized cash-flowing investment property • Annual rent: $125,582.40 • Approx. 8.3% cap rate at asking price • Tenant in Year 2 of a 5-year lease (45 months left) • 2% annual rent escalations • Tenant responsible for CAM (taxes and insurance) • Tenant also responsible for lawncare, snow removal, and minor repairs • Low landlord management requirements • Additional 3,420 SF basement level offers future value-add expansion opportunity Financial Summary | Item Amount | Purchase Price $1,499,000 | Annual Gross Rent $125,582 | Cap Rate ~8.2% Lease includes **2% annual rent increases**, providing built-in income growth. Lease Details Multi-state healthcare tenant currently occupies the building under a **5-year lease**, currently in **Year 2**. Lease runs through January 31, 2030 with options to renew with continued escalators. Lease rate: $18.36/SF total rent • $15.36 Base Rent • $3 CAM (taxes & insurance) Tenant responsibilities include: * CAM expenses * Lawncare * Snow removal * Minor maintenance This structure creates predictable income with minimal landlord responsibilities. Value-Add Opportunity The property includes an **unfinished basement level of approximately 3,420 SF**, which is roughly the same size as the upper floors. This space offers potential for **future expansion or additional rental income**. The current tenant holds a **Right of First Refusal (FROR)** on this space under the lease. If exercised, the tenant would take the space in **white-box condition prior to occupancy.** This presents an opportunity for investors to increase future revenue through additional rentable square footage. Location The property is located in **Lexington, Kentucky**, one of the fastest growing economic centers in the region. The area benefits from strong demographics, a growing healthcare and professional services sector, and convenient access to major roadways and commercial corridors. Investment Opportunity This property provides investors with: • Immediate stabilized income • Built-in rent escalations • Minimal management responsibilities • Future expansion potential through additional square footage Ideal for: • Private investors • Professional / medical office investors • 1031 exchange buyers • Passive income investors --- Sale Details **For Sale By Owner** Buyer brokers welcome. Contact Information For additional information, financials, and lease documentation: Brett Blevins Owner Email: blevins.brett@gmail.com ***Seller has 2 additional commercial properties that could be rolled into a larger 1031 exchange. One building is leased by same healthcare tenant at $1500/month rent (same length as above), tenant pays all utilities and upkeep. Asking $170,000 Other building is mixed-use (3 tenants) $5250/month rental income, owner pays utilities that average $760 a month. Asking $499,000.