Multi-Tenant Net Lease Flex Building

Industrial for Sale
Catylist Listing ID: 30872372
Property Subtypes: Flex Space, Light Industrial, Office Showroom
Building Size (RSF): 13,135 SF
Gross Building Area: See Agent
Gross Land Area: 0.99 Acres
Sale Price: $1,995,000
Unit Price: $151.88 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/24/2024

Overview / Comments

1585 Mercer Rd is a three tenant flex building constructed in 2020 and expanded in 2021 totaling 13,135 SF on 0.99 acres (I-1 zoning). This unique investment opportunity can either be 100% occupied with the owner leasing back Suite 130 or a new owner could occupy 3,500 SF. High end office finishes including polished concrete floors, 19' to 21' ceilings in the warehouse areas, 12' and 14' drive-in doors, 38 parking spaces, and conveniently located with quick access to New Circle Rd from both Georgetown Rd and Leestown Rd.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38018320
Zoning: I-1
Tenancy: Multiple Tenants
Year Built: 2020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,108 83,781 169,720
Median Age: 39.06 33.55 35.67
Households: 2,817 34,170 69,527

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