Sale: $1,375,000- Under Contract
Lease: $17.00/SF Full Service
9,120 SF above grade per PVA
4,560 SF finished basement
Available for Lease: 4,600 SF
This is a 2 story Office building currently fit up as medical office on both floors. The 2nd floor is leased to Mack and Poole Pediatrics (inquire for lease details). The 1st floor is in excellent condition and fit up perfectly for a medical user, with a room count as follows: 7 exam rooms with sinks, 5 offices, 3 restrooms, generous waiting room, generous reception/check-in check out room, break room with kitchen, and private ingress/egress for staff. Very well-maintained building including new roof and new furnace in 2018. Also offers a nicely fit up basement (4,560 SF) with multiple rooms and elevator access. Great opportunity to sell to a medical user who would practice on the 1st floor and enjoy the rental income and lengthy term from the second-floor tenant.
Investment Information: Pro forma cap rate 7.5% (based on existing tenant rent and projected first floor rent, including property expenses). Inquire with agent for existing Lease details.
- 7.5% Pro Forma Cap Rate
- For Sale or Lease
- Centrally located among office, retail, & residential
- Vacancy currently fit up as medical
Conveniently located off of Nicholasville Rd., behind Regency Center Kroger and many restaurants, retailers, and other office buildings. Inside New Circle Road. Close proximity to Lexington hospitals.