Fortune Business Centre - 2331 Fortune Drive

Off-Market

2331 Fortune Drive, Lexington, KY 40509

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Flex - Office
  • Property Size 36,984 SF
  • Lot Size 2.5 Acre
  • Parking Spaces Avail. 128
  • Parking Ratio 3.48 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1986

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 15 May, 2008
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Lexington

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Lexington Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $19.72
  • 2022 Office Vacancy Rate 9.80%
  • 2022 Office Completions (SF)

Lexington Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $187.40
  • Y-o-Y Avg. PpSF Change 15.62%
  • 2022 Office Sales Volume $38.5M
  • 2022 Number of Transactions 6
View more Lexington market trends

Location

Getting Around

  • Walk Score ®

    41/100 Car-Dependent
  • Transit Score ®

    33/100 Some Transit
  • Bike Score ®

    21/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lexington, KY
  • Neighborhood Liberty
  • Zip Code 40509
  • Market Lexington

Points of Interest

  • Sam's Club Fuel Center

    0.42 miles

  • Speedway

    0.80 miles

  • Shell

    1.21 miles

  • Speedway

    1.27 miles

  • Speedway

    1.28 miles

  • Walmart Fuel

    1.31 miles

  • Thorntons

    1.67 miles

  • Marathon

    1.67 miles

  • Swifty

    1.77 miles

  • BP

    1.81 miles

  • Country Inn & Suites by Radisson, Lexington, KY

    1.02 miles

  • Common Grounds

    2.51 miles

  • Courthouse Plaza

    2.62 miles

  • LFUCG Garage

    2.63 miles

  • Helix Parking Garage

    2.68 miles

  • Phoenix Lot

    2.68 miles

  • Library Parking

    2.72 miles

  • AOII parking lot

    2.78 miles

  • Calvary Baptist Churc

    2.81 miles

  • Hardin Properties Parking Lot

    2.82 miles

  • Country Inn & Suites

    1.01 miles

  • GuestHouse Inn & Suites

    1.31 miles

  • SureStay Plus Hotel by Best Western Lexington

    1.32 miles

  • Best Western Lexington Inn

    1.35 miles

  • Fairfield Inn & Suites by Marriott Lexington East \ I-75

    1.37 miles

  • Motel 6

    1.38 miles

  • Super 8 by Wyndham Lexington Winchester Rd

    1.41 miles

  • Comfort Inn & Suites

    1.42 miles

  • Quality Inn

    1.45 miles

  • Residence Inn

    1.87 miles

  • Sugano Japanese Restaurant

    0.51 miles

  • McDonald's

    0.59 miles

  • Parkette Drive-in

    0.73 miles

  • Sonic

    0.82 miles

  • Sarah's BBQ

    0.95 miles

  • Liberty Road Cafe

    0.96 miles

  • Raising Cane's

    1.05 miles

  • MOD Pizza

    1.06 miles

  • KFC

    1.06 miles

  • JY Kitchen

    1.25 miles

  • Frederick Douglass High School

    0.62 miles

  • Yates Elementary School

    0.66 miles

  • Martin Luther King Junior Academy for Excellence

    1.03 miles

  • Eastside Technical Center

    1.04 miles

  • Dixie Magnet Elementary School

    1.05 miles

  • Crawford Middle School

    1.17 miles

  • Breckinridge Elementary School

    1.37 miles

  • Deep Springs Elementary School

    1.46 miles

  • William Wells Brown Elementary School

    1.79 miles

  • Northern Elementary School

    1.80 miles

  • ABC 123 Learning Center

    2.04 miles

  • The Nest Center for Women, Children and Families

    2.31 miles

  • Wee Care

    2.54 miles

  • Center For Children

    2.96 miles

  • Fayette Cooperating Preschool & Kindergarten

    4.04 miles

  • Pepperhill Day School & Camp

    4.52 miles

Frequently Asked Questions

What is the total square footage of Fortune Business Centre - 2331 Fortune Drive?

Fortune Business Centre - 2331 Fortune Drive totals 36,984 square feet.

When was this property built?

Fortune Business Centre - 2331 Fortune Drive was built in 1986.

When was Fortune Business Centre - 2331 Fortune Drive last sold?

Fortune Business Centre - 2331 Fortune Drive was last sold on 15 May, 2008.

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