Better Business Bureau Building

Office for Sale
Sale Pending
Catylist Listing ID: 30263566
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 20,787 SF
Gross Building Area: See Agent
Gross Land Area: 1.74 Acres
Sale Price: $2,200,000
Unit Price: $105.84 PSF
Property Use Type: Vacant/Owner-User
Building Name: Better Business Bureau Building
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/14/2018

Overview / Comments

The Better Business Bureau Building is a two-story 20,787 SF brick/steel/concrete construction office building, with a pitched shingle roof, wet sprinkler system, Bates Security System, monument/directory signage, and several recent capital improvements including: new entrance to parking lot, two new bathrooms, new elevator, new outdoor lighting, parking lot re-sealed/striped, and new landscaping. Situated on 1.74 acres, tenants enjoy a 109 space parking lot (5.24/1,000 SF parking ratio), and have access to the building 24/7 with key and alarm code, as well as access to a shared board/conference room. The available spaces can be combined or divided to accommodate perspective tenants space needs. There is a 787 SF enclosed, climate controlled patio that is not included in the total SF, that is an additional amenity to the building.

Property Highlights:

-Approximately 1.0 Mile from I-75 and 1.1 miles from New Circle Road
-Absolute Full-Service Lease structure with minimal tenant responsibilities- ALL operating expenses including utilities and janitorial are paid for by Landlord
-109 Parking spaces (5.24/1,000 SF parking ratio)
-LexTran Bus Stop directly in front of the building on Newtown Pike
-Seller would entertain a lease-back option of +/-5,423 SF
-Access to the Better Business Bureau shared board/conference room and 787 SF enclosed, climate controlled patio

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: P-1
Area Description: Located on Olivia Lane, off of Newtown Pike across from The University of Kentucky Coldstream Research Campus, with excellent access to Downtown Lexington, New Circle Road, and I-75/I-64. The property is located off of the intersection of two major connectors, Newtown Pike and Citation Blvd, both of which were recently expanded and extended. The Newtown Pike Extension connects the interstate system to The University of Kentucky and Lexington’s Central Business District. The Citation Blvd. Extension provides improved connectivity to the interstate system and the Northside corridors of the Lexington market.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1974
Construction/Siding: Brick, Concrete, Steel Frame
Total Parking Spaces: 109
Passenger Elevators: 1
Sprinklers: Wet
Zoning Description: Professional Office

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,287 69,480 149,417
Median Age: 32.46 35.17 34.35
Households: 3,549 28,689 60,270
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