- For Sale $25,000,000
- Property Type Office - Government Office
- Property Size 172,215 SF
- Units 16
- Lot Size 9.6 Acre
- Parking Spaces Avail. 822
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 2009
- Date Updated May 18, 2026
Description
This property is located in Lexington, KY.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.
Highlights
- 8 Tenants in 16 suites
- 80-Year land lease
- Average rent PSF $20.71
- Excellent engineer/management in place
- Kentucky Broker of Record: Bang Realty, Brian Brockman, Bang Realty KY License #204982
- Redundant power from two different substations
- Two separate generators
- WALT 3.00
- Year built: 2009
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Contacts
Michael Bull, CCIM
Bull Realty
Location
Located at 1648 McGrathiana Pkwy, Lexington, KY 40511, this property is part of the Spindletop neighborhood and Lexington market.
Contact Listing Broker
Michael Bull, CCIM
Bull Realty