Rare 38,800 SF Industrial Building (I-1) on 2.63 acres

Industrial for Sale
Catylist Listing ID: 30830828
Property Subtypes: Free-Standing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 38,800 SF
Gross Building Area: See Agent
Sale Price: $3,100,000
Unit Price: $79.90 PSF
Ceiling: 19 ft.
Docks/Doors: 2 Docks
Office SF: 5,000 SF
Drive In Bays: 2 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/24/2023

Overview / Comments

We are pleased to offer this opportunity to purchase a 38,800 sf industrial (I-1) building located in Lexington, KY. The building sits on +/-2.63 acres and is positioned for manufacturing, distribution, and warehousing space. The property is located less than 4 miles from the I-75/I-64 interchange which provides logistical ease to the densely populated East Coast.

The building is set up with approximately 5,000 sf of finished office space and 33,800 sf of high grade manufacturing space. The office space contains 8 private offices, kitchenette, conference room, and men and women's restrooms, as well as a second story mezzanine (not included in the SF).

The manufacturing space boasts over 4,000 amps of recently upgraded heavy power. The property features 19'9"+/- ft peak height sloping down to 13 ft eaves. The warehouse contains upgraded high efficiency LED lighting and HVLS (Big Ass) Fans. Other manufacturing benefits include gas fired radiant heaters, compressed air system, enclosed paint booth, sprinkler system, as well as two docks and two grade level drive in doors.

HIGHLIGHTS
38,800 SF (I-1)
5,000 SF Office/33,800 Manufacturing Space
+/- 2.63 Acres
19'9" Clear Height Sloping to 13' Eaves
2 Dock High Doors with Levelers
2 Grade Level Drive in Doors
Heavy Power (4,000 amps)

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 13208975
Zoning: I-1
Area Description: 2029 Buck Lane is Located in the premier northwest industrial corridor of Lexington Kentucky. The property sits between Georgetown and Leestown road with close proximity to the recently extended Citation Boulevard. The location of the property provides logistical ease of access to two major interstates in I-75 (North to South) and I-64 (East to West) situated less than four miles from the interchange.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,794 58,488 145,069
Median Age: 31.37 33.26 34.73
Households: 2,337 22,783 58,276
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