Single Tenant Office Building

150-152 West Zandale Drive Lexington, KY 40503

150-152 West Zandale Drive, Lexington, KY, 40503
150-152 West Zandale Drive, Lexington, KY, 40503 150-152 West Zandale Drive, Lexington, KY, 40503 150-152 West Zandale Drive, Lexington, KY, 40503 150-152 West Zandale Drive, Lexington, KY, 40503 150-152 West Zandale Drive, Lexington, KY, 40503
FOR SALE Off Market Listing
Property Type:
Multi Tenant Office
Amount:
$1,807,125
Cap Rate:
0.00%
Last Verified:
Jul 21, 2021

Highlights

  • +/-10,761 SF two-story office building on .72 AC
  • 100% occupied by single tenant; Mountain Comprehensive Care Center operates more than 30 outpatient clinics, complexes and community based service centers across Kentucky
  • Lease term: 5+ years remaining
  • Building serviced by elevator
  • Separate HVAC units for effective temperature control
  • 51 parking spaces
  • High traffic area with direct access to Nicholasville Road at signalized intersection
  • After hours month-to-month parking lease with adjacent restaurant
  • Approximately ½ mile from Baptist Health Hospital, 2 miles from the University of Kentucky campus and Saint Joseph Hospital, 3 miles from downtown and 5 miles from the Blue Grass Airport
  • Many restaurants, financial institutions and shopping centers located in the immediate area offering convenience for all services
  • Average daily traffic count of +/-39,348 VPD on Nicholasville Road in front of the site
  • B-1, Neighborhood Business
  • NOI: $140,052
  • Cap Rate: 7.75%
  • Sale Price: $1,807,125
  • Agent’s Financial Interest Disclosure: Listing agent has a financial interest in the subject property
  • Owner’s License Disclosure: Owner is a licensed real estate broker in the Commonwealth of Kentucky

Description

NAI Isaac is pleased to present an investment opportunity located on Nicholasville Road. This +/-10,761 SF office building is fully leased and is located in a high traffic area with direct access at signalized intersection from Nicholasville Road.

The property is located on Nicholasville Road and is approximately ½ mile from Baptist Health Hospital, 2 miles from the University of Kentucky campus, 3 miles from downtown and 5 miles from the Blue Grass Airport. There are many restaurants, financial institutions and shopping centers located in the immediate area offering an added convenience and traffic generators.

Building Size: 10761sq ft
Building Class: C
Lot Size: 0.72 acres

Additional URLs

Map of 150-152 West Zandale Drive, Lexington, KY, 40503

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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