Lexington Professional Center

101 Yorkshire Boulevard Lexington, KY 40509

101 Yorkshire Boulevard, Lexington, KY, 40509
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$8,850,000
Last Verified:
Dec 20, 2024

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Highlights


Description

​​​​​​​NAI Isaac, in conjunction with NAI KLNB, is pleased to present the opportunity to purchase Lexington Professional Center, a four-story, vacant 180,866 SF office building located on 15.27 acres at 101 Yorkshire Boulevard in Lexington, Kentucky. The Property is contiguous to CHI Saint Joseph Health’s Saint Joseph East Hospital campus. The campus includes the full-service, 217-bed Saint Joseph East Hospital and the 60,000 SF Women’s Hospital Saint Joseph East.
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Lexington Professional Center represents an opportunity to acquire an attractive office building at a significant discount to replacement cost in a market with strong leasing fundamentals. By acquiring the building at an attractive basis, the new owner can lease the building at a below-market rate and still generate out-sized returns. The Property’s adjacency to the hospital campus makes it an attractive leasing opportunity for medical users as well.

​​​​​​​NAI Isaac, in conjunction with NAI KLNB, is pleased to present the opportunity to lease Lexington Professional Center, a four-story, 180,866 SF office building located on 15.27 acres at 101 Yorkshire Boulevard in Lexington, Kentucky. The Property is contiguous to CHI Saint Joseph Health’s Saint Joseph East Hospital campus. The campus includes the full-service, 217-bed Saint Joseph East Hospital and the 60,000 SF Women’s Hospital Saint Joseph East.
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Located in Southeast Lexington just off Richmond Road near Saint Joseph East Hospital. This location offers quick and convenient access to the major arteries and interstates serving the Lexington region. Also convenient to this site are retail shops, hotel accommodations, financial institutions and other amenities located in the Richmond Road and Hamburg areas.

The Property is well-located in a very healthy suburban office market. The East Lexington/Fayette office submarket has an inventory of about 7.4 million square feet, of which 11.4 percent is vacant. Moreover, the submarket’s vacancy has not exceeded 13.6 percent level over the past decade.


Year Built: 1978
Building Size: 180866sq ft
Building Class: A
Lot Size: 15.27 acres


Documents

101 Yorkshire Blvd Lease

Units for Lease

1st Floor
Space Available: 45541 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
2nd Floor
Space Available: 47740 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
3rd Floor
Space Available: 43717 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00
4th Floor
Space Available: 43868 SF
Lease Type: NNN

Price Per Sqft/Year: $10.00

Map of 101 Yorkshire Boulevard, Lexington, KY, 40509

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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.