Class "A" Office | ±172,215 SF | 100% Occupied
1648 McGrathiana Pkwy
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
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.
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.
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.
This property is located in Lexington, KY.
