1792 Alysheba Way

Office for Sale
Catylist Listing ID: 30867702
Property Subtypes: Office Building
Building Size (RSF): 75,420 SF
Gross Building Area: See Agent
Gross Land Area: 5.45 Acres
Sale Price: $13,800,000
Unit Price: $182.98 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: 6.8%
Average Occupancy Rate: 96
Last Updated: 6/25/2024

Overview / Comments

THE OFFERING
The property is a well built and attractive 75,000 square foot Class A Building of three stories in the best location in Hamburg. Over 96% leased, the building has a number of national and high credit quality tenants including Assured Partners, Mutual of Omaha, Kort, Stockyards Bank along with prestigious local firms. The building is professionally managed with ample on site parking.

This is the premier location in Hamburg as it is on the corner of Man of War and Alysheba with great access to Interstates 75 and 64 at a major signalized intersection. Located directly next to Hamburg Place, home to extensive dining and shopping venues.

The property is easy to find and with a corner location, excellent monument signage and quality construction, this building is the highest quality address for office space in the fast growing Hamburg area.

ZONED P-1 FOR PROFESSIONAL OFFICES
The subject asset is zoned P-1 for professional offices. With 96% of the property currently under lease, this is an excellent investment opportunity. Tenants include Mutual of Omaha, Stock Yard Bank, KORT Physical Therapy and several wealth managEment, real estate and insurance tenants.

LOCATION PROVIDES EASY ACCESS TO INTERSTATE, BANKING, RETAIL
The surrounding area is perfectly suited for office use. The property is bounded by interstates 75/64, and is part of the Hamburg neighborhood, an area with plentiful retail shopping, banking, restaurants and more.

LEXINGTON'S STRONG ECONOMY
Strong demographics in the market with extremely low unemployment, above average salaries and a high level of college graduates in Lexington, KY. Major employers in the Hamburg area including brand new Baptist Healthcare facility and UK Healthcare announcing its new facility.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38089140
Zoning: P-1 - PROFESSIONAL OFFICE
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 25,140 SF
Year Built: 2003
Total Parking Spaces: 302
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,955 68,884 179,767
Median Age: 34.48 35.18 35.01
Households: 5,113 30,085 76,800
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