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25467562
25467563

1648 McGrathiana Pkwy, Lexington, KY 40511

Bull Realty
AB
GA 432977
Bull Realty
Listed by Bull Realty
$25,000,000
311 days on market
Updated 95 days ago

Class "A" Office | ±172,215 SF | 100% Occupied

Details
APN 38107630
Property Type Office
Sub Type Institutional/Governmental
Square Footage 172,215
Units 16
Cap Rate 8.00%
NOI $1,980,459
Occupancy 100%
Tenancy Multi
Brand/Tenant University of Kentucky, Amercian Family Board of Medicine (+6)
Price per SqFt $145
Class A
Year Built 2007
Buildings 1
Stories 5
Acreage 9.600
Zoning P-2
Parking Spaces 822 spaces
Parking Per SqFt 4.77

Class "A" Office | ±172,215 SF | 100% Occupied

Marketing description

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.

Investment 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

Listing Contacts

Bull Realty
AB
GA 432977
Bull Realty
Listed by Bull Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,980,459.00
$165,038.25/mo

Valuation Metrics

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DSCR
7.92%
Cap Rate
7.92%
ROI

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