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

1648 McGrathiana Pkwy, Lexington, KY 40511
Available Now
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FOR SALEOffice / Traditional
Cap Rate
8%
NOI
$980,459
Building Size
172,215SF
Parking Info
822 spaces
APN
38107630
Lot Size
9.6Ac
Listing Contacts
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More property details

Year Built
2007
Zoning
P-2
Occupancy
100%
Tenancy
Multi Tenant
Currently Leased
No
Property Class
A
No of Buildings
1
No of Stories
5

Location

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

This offering presents the opportunity to acquire a 100% occupied Class “A” office building in Lexington, Kentucky. The impressive five-story, ±172,215-square-foot property was built in 2007 and is anchored by long-term tenants including the University of Kentucky and the American Board of Family Medicine. The tenant roster also features nationally recognized organizations such as A&W, the FBI, the Secret Service, Lockheed Martin, and KOMATSU, providing strong credit tenancy and diversified income.

Located within the University of Kentucky’s Coldstream Research Campus, the property benefits from exceptional accessibility—just two blocks from the Newton Pike exit off Highway 64, five miles north of downtown Lexington, and approximately 8.6 miles from Blue Grass Airport. Offered at $145 per square foot, the asset is priced well below replacement cost, presenting investors with a rare opportunity to secure stable in-place income and long-term upside in a premier research and business environment.

Location highlights
  • 100% leased Class “A” office asset
  • WALT: 3.00 years
  • 8 tenants across 16 suites
  • Built in 2009
  • Average rent: $20.71 per square foot
  • Redundant power from two separate substations
  • Two dedicated backup generators
  • 80-year land lease
  • Professional engineering and management team in place

Documents

FILE
Lexington OM_.pdf
7.65 MB · Listing document
Class "A" Office | ±172,215 SF | 100% Occupied
172,215 SF · office · United States · KY
View OM