1056 Welllington Way - For Sale

Office for Sale
Catylist Listing ID: 30706171
Property Subtypes: Office Building
Building Size (RSF): 21,723 SF
Gross Building Area: 23,014 SF
Gross Land Area: 1.69 Acres
Sale Price: $3,100,000
Unit Price: $142.71 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 1056 Wellington Way
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/25/2021

Overview / Comments

23,041 square foot two story office building on 1.69 acres of land for sale. Located close to the intersection of Harrodsburg Road and Man O' War next to Palomar Center, LA Fitness and Panera Bread with many restaurants and retail options within walking distance. The second floor and half of the first floor are leased through the end of 2024 with half of the first floor available to lease or use as an owner occupant.

Current Tenants

Tenant Business Name Sleep Outfitters USA, LLC
Is Renting? Yes
Suite Number 200
SF of Space Occupied 11,507 SF
Current Rent $195,619 PSF (Annual)
Lease Expiration 12/2024
Tenant Business Name Commonwealth Home Health
Is Renting? Yes
Suite Number 130
SF of Space Occupied 5,108 SF
Current Rent $97,052 PSF (Annual)
Lease Expiration 12/2024

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38140350
Zoning: P-1 PROFESSIONAL OFFICE
Property Located Between: Harrodsburg and Lyon Drive
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 11,000 SF
Year Built: 2005
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Type: Structure
Sprinklers: Wet
Zoning Description: P-1 Professional Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,741 75,761 175,742
Median Age: 46.16 37.66 35.69
Households: 3,911 31,338 73,120

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