Professional Plaza

Off-Market

2620 Wilhite Drive, Lexington, KY 40503

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

  • Property Type Office - General Office
  • Property Size 38,148 SF
  • Lot Size 3.11 Acre
  • Parking Spaces Avail. 190
  • Parking Ratio 5.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1982

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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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

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 ®

    55/100 Somewhat Walkable

  • Transit Score ®

    31/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Lexington, KY
  • Neighborhood Lansdowne
  • Zip Code 40503
  • Market Lexington

Points of Interest

  • Speedway

    0.33 miles

  • Shell

    0.41 miles

  • Kroger Fuel Center

    0.65 miles

  • Meijer Gas Station

    0.86 miles

  • Shell

    1.04 miles

  • Speedway

    1.19 miles

  • Speedway

    1.20 miles

  • Speedway

    1.42 miles

  • Thornton's Gas

    1.52 miles

  • Shell

    1.55 miles

  • LCA Employee Lot

    1.12 miles

  • LCA Drop Off Lot

    1.14 miles

  • LCA Senior Lot

    1.17 miles

  • LCA Junior High Drop Off Lot

    1.19 miles

  • LCA Junior/Sophomore Lot

    1.20 miles

  • LCA Band Lot

    1.23 miles

  • Garage B

    1.46 miles

  • Hunter Presbyterian Church additional parking

    1.47 miles

  • Garage A

    1.57 miles

  • K Lot

    1.83 miles

  • Red Roof Inn

    0.09 miles

  • Embassy Suites

    0.42 miles

  • Origin Hotel Lexington

    1.48 miles

  • Extended Stay America

    1.49 miles

  • Ronald McDonald House

    2.03 miles

  • Comfort Inn & Suites

    2.43 miles

  • TownePlace Suites by Marriott Lexington Keeneland/Airport

    2.63 miles

  • The Campbell House

    2.66 miles

  • Holiday Inn Express & Suites

    2.74 miles

  • SpringHill Suites

    3.06 miles

  • Red Lobster

    0.19 miles

  • Chick-fil-A

    0.25 miles

  • Wendy's

    0.31 miles

  • Jimmy John's

    0.33 miles

  • Raising Cane's

    0.33 miles

  • McDonald's

    0.36 miles

  • Five Guys

    0.39 miles

  • Taste of India

    0.39 miles

  • Palmers

    0.41 miles

  • The Bronte Bistro

    0.42 miles

  • Lansdowne Elementary School

    0.61 miles

  • Glendover Global Studies Elementary School

    1.09 miles

  • Lexington Christian Academy

    1.11 miles

  • Southern Elementary School

    1.16 miles

  • Southern Middle School

    1.26 miles

  • Julius Marks Elementary School

    1.45 miles

  • Wellington Elementary

    1.51 miles

  • Summit Christian Academy

    1.55 miles

  • Lexington Catholic High School

    1.69 miles

  • Mary Queen of the Holy Rosary School

    1.71 miles

  • Pepperhill Day School & Camp

    1.33 miles

  • Fayette Cooperating Preschool & Kindergarten

    1.44 miles

  • Wee Care

    3.08 miles

  • The Nest Center for Women, Children and Families

    4.18 miles

  • ABC 123 Learning Center

    4.19 miles

  • Center For Children

    5.42 miles

Frequently Asked Questions

What is the total square footage of Professional Plaza?

Professional Plaza totals 38,148 square feet.

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