223 Owens Avenue

Industrial for Lease
Catylist Listing ID: 30397305
Property Subtypes: Free-Standing, Light Industrial, Warehouse/Distribution
Contiguous Space: 27,900 SF
Building Size (RSF): 27,900 SF
Gross Building Area: See Agent
Gross Land Area: 1.45 Acres
Lease Rate: $4 PSF (Annual)
Base Monthly Rent: $9,300
Lease Types: Gross Lease
Ceiling: 17.50 - 21.50 ft.
Docks/Doors: 4 Docks
Drive In Bays: 1 Bay
Last Updated: 4/5/2021

Overview / Comments

On behalf of Ferguson Enterprises, Inc., we are pleased to present this 27,900 SF distribution/warehousing industrial facility on 1.45 acres for Sublease located at 223 Owens Avenue in Lexington, KY. Built in 1973, the building is 27,900 SF with small office, 17-21’ clear height, 4 dock doors, 1 drive-in door with approximately 0.55 acres on the exterior that is secured and fenced serving as both the truck court and an outside storage yard. The Master Lease expires 12/31/24.

Property Highlights:
• Secured outside storage
• Gross sublease
• High demand site
• 4 dock doors
• Below market rents
• Sublease- 5+ years remaining on Master Lease

Attachments & Media

Expand All Available Space

Suite: 100 27,900 SF $4 PSF (Annual) Gross Lease
Space Available: 27,900 SF
Lease Rate: $4 PSF (Annual)
$9,300 (Monthly)
Lease Type: Gross Lease
Date Available: 3/21/2019
Space Type: Sublet
Sublease Expiration Date: 12/31/2024
Ceiling 21.5 ft. / 17.5 ft. Clear
Loading Docks 4
Drive In Bays 1

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 15073350
Zoning: I-1
Area Description: Located on the East end of Lexington’s CBD, 223 Owens Avenue provides a unique location on the periphery of downtown amenities, adjacent to the Warehouse Block accessed via Winchester Road, a major market corridor. With an MSA over 645,000, Lexington is the second largest market in the Commonwealth of Kentucky. Lexington provides a strategic location for businesses through access to a highly educated labor force, low startup and operational costs, below average cost of living and its location at the I-75/I-64 intersection providing a 24 hour or less drive to approximately 70% of the United States population.
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1973
Column Spacing: Clear span section/25' on center section
Sprinklers: Dry
Zoning Description: I-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,081 119,924 249,497
Median Age: 33.68 34.74 34.99
Households: 9,365 51,973 105,836


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