1575 Mcgrathiana PkwyLexington, KY 40511

Property Details for 1575 Mcgrathiana Pkwy

Year built

2005

Property size (Sq ft)

56,774 SF

Zone code

P-2

Property type

Life science properties

APN

38258010

APU

38258010

Description

This exceptional investment opportunity presents a 21,543 square foot Class B industrial flex building situated on an 11.2-acre lot in Lexington, Kentucky. Built in 2014, the property boasts a 100% occupancy rate with a single tenant, Piramal Pharma Solutions, under a 25-year absolute NNN lease. The lease includes a 2% annual rent bump, ensuring consistent income growth. The asking price is $30,000,000, representing a compelling 7.75% capitalization rate and a price per square foot of $1,392.56. The property's Net Operating Income (NOI) is $2,325,000. Located at 1575 McGrathiana Pkwy, Lexington, KY 40511 (APN 38051560), this sale-leaseback transaction offers a secure, long-term investment with a strong tenant and a parent company guarantee. The property is ideally suited for investors seeking stable, high-yield returns in a desirable location. This build-to-suit facility provides peace of mind with a long-term lease and built-in rent increases. The property's strategic location and strong tenant profile make it an attractive investment opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $9,922,307

  Hospitality

  $9,088,780

  Educational

  $7,561,758

  Medical

  $7,821,819

  Retail

  $11,762,735

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0948

Longitude

-84.4941

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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