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: |
7/2/2024 |
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.
|
Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Fayette |
| Tax ID/APN: |
38018320 |
| Zoning: |
I-1 |
| Tenancy: |
Multiple Tenants |
| Year Built: |
2020 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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