For Sale
$30,000,000
1575 Mcgrathiana Pkwy Lexington, KY 40511
High-yield, 100% occupied flex facility.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 21,543 SF Class B industrial flex building on an 11.2-acre lot in Lexington, KY.
- 100% occupied by Piramal Pharma Solutions under a 25-year absolute NNN lease with a 2% annual rent increase.
- $30,000,000 asking price, representing a 7.75% cap rate and $1,392.56/SF.
- $2,325,000 Net Operating Income (NOI).
- Sale-leaseback opportunity with parent company guarantee at 1575 McGrathiana Pkwy, Lexington, KY 40511 (APN 38051560).
Property Details for 1575 Mcgrathiana Pkwy
- Property type
- Industrial properties, Flex space
- Square Feet
- 21,543 SF
- Class
- B
- Year Built
- 2014
- Lot Size (sq. ft)
- 487,872 SF
Location Insight
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Latitude
- 38.0949184
- Longitude
- -84.4941999
Nearby Similar for Sale
FAQs
- What type of property is this?
- Industrial property - High-yield, 100% occupied flex facility.
- Where is the industrial property located?
- The property is located at 1575 Mcgrathiana Pkwy Lexington, KY.
- What is the asking price?
- The asking price for this property is $30,000,000.
- What are key features of this property?
- This property features: 21,543 SF Class B industrial flex building on an 11.2-acre lot in Lexington, KY.; 100% occupied by Piramal Pharma Solutions under a 25-year absolute NNN lease with a 2% annual rent increase.; $30,000,000 asking price, representing a 7.75% cap rate and $1,392.56/SF.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website