Single Tenant Office Building

For Sale $1,475,000
Property Type Office - General Office
Property Size 10,761 SF
Lot Size 0.72 Acre
Property Tenancy Single Tenant
Building Class A
Date Updated Jun 27, 2022

The property is located on Nicholasville Road and is approximately ½ mile from Baptist Health Hospital, 2 miles from the University of Kentucky campus, 3 miles from downtown and 5 miles from the Blue Grass Airport. There are many restaurants, financial institutions and shopping centers located in the immediate area offering an added convenience and traffic generators.

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City Lexington, KY
Neighborhood Deerfield
Zip Code 40503
Market Lexington

Contacts

Al Isaac

NAI Isaac Commercial Properties

(859) 422-4400

Highlights

+/-10,761 SF two-story office building on .72 AC
100% occupied by single tenant; Mountain Comprehensive Care Center operates more than 30 outpatient clinics, complexes and community based service centers across Kentucky
Lease term: 4 years remaining
Building serviced by elevator
Separate HVAC units for effective temperature control
51 parking spaces
High traffic area with direct access to Nicholasville Road at signalized intersection
After hours month-to-month parking lease with adjacent restaurant
Approximately ½ mile from Baptist Health Hospital, 2 miles from the University of Kentucky campus and Saint Joseph Hospital, 3 miles from downtown and 5 miles from the Blue Grass Airport
Many restaurants, financial institutions and shopping centers located in the immediate area offering convenience for all services
Average daily traffic count of +/-39,348 VPD on Nicholasville Road in front of the site
B-1, Neighborhood Business
NOI: $121,252
Cap Rate: 8.22%
Sale Price: $1,475,000
Agent’s Financial Interest Disclosure: Listing agent has a financial interest in the subject property
Owner’s License Disclosure: Owner is a licensed real estate broker in the Commonwealth of Kentucky

Frequently Asked Questions

What is the total square footage of Single Tenant Office Building?

Single Tenant Office Building totals 10,761 square feet.

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