For Sale
$5,495,000

424 Lewis Hargett CirLexington, KY 40503

Class A Office Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A office building, located at 424 Lewis Hargett Circle in Lexington, Kentucky, presents a compelling investment opportunity. The 44,330 square foot, three-story building boasts a 100% occupancy rate with six tenants, including Tetra Tech, United Real Estate, IWG, and Wilson Pediatric Therapy. Built in 2004, this stabilized investment property features a gross lease structure and offers a compelling 7.56% cap rate, with a NOI of $415,527. The property sits on a 1.8-acre lot, providing ample space and excellent visibility. Its prime location between Clay's Mill Road and Nicholasville Road, across from Lexington Christian Academy and less than half a mile from Fayette Mall, ensures high traffic and accessibility. The building's energy-efficient geothermal heating and cooling system contributes to lower operating costs. Zoned P-1, this single building offers a strong return on investment with its impressive list of tenants and desirable location. The asking price is $5,495,000, translating to $123.96 per square foot. This is a rare opportunity to acquire a fully occupied, high-quality office building in a thriving Lexington market.

Highlights

  • Energy-efficient geothermal HVAC system.
  • High-speed internet access.
  • Ample on-site parking.
  • Modern, updated interiors.
  • Prime location with high visibility.

Property Details for 424 Lewis Hargett Cir

Property type
Office properties
Square Feet
44,330 SF
Class
A
Year Built
2004
Buildings
1
Stories
3
Lot Size (sq. ft)
78,408 SF
Units
6

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
37.9953819
Longitude
-84.5347896
424 Lewis Hargett Cir, Lexington, Kentucky

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424 Lewis Hargett Cir
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