Auction Information
Estate Settlement Prime Lexington Office Park
Estate Settlement Prime Lexington Office Park
Office Portfolio Stabilized Income with Strategic Growth Potential
Property Overview- Positioned within the North Eagle Creek Professional Office Park, this offering features Two Impressive Class B, Four-Story Office Buildings on a total 3.51 acres. Each Building will be available for Purchase Separately or in Combination Bid on One or Both to Suit Your Portfolio Needs!
Leased Fee Value Appraisal (2024): $7,500,000 Appraisal Available through NDA
Year Built: 2000
Above Grade Gross Sqft: 36,421 per Fayette County Assessor
Gross Leasable: Sqft: 31,472 per Fayette County Assessor
Below Grade Gross Sqft: 7,313
Approximate Acreage: 1.48 Acres
161 Eagle Creek Drive
Year Built: 2003
Above Grade Gross Sqft: 33,495 per Fayette County Assessor
Gross Leasable: Sqft: 30,597 per Fayette County Assessor
Below Grade Gross Sqft: 7,169
Approximate A...
Approximate Acreage: 2.03 Acres
Buildings Jointly Contain just under 84,400sf Situated on 3.51 Acres with 69,916 Above Grade SF
Commanding Appearance These Landmark Properties are perfectly situated for Your Firms prominent Logo and Naming Rights. Constructed with full glass panes, these sleek and contemporary structures offer the ownership, or major tenant, a powerful presence that distinguishes them as premier assets in the Lexington office market. The buildings are situated on a combined 3.51-acre parcel and are supported by a generously sized paved surface parking lot with 195 dedicated spaces, ensuring ample convenience for tenants and visitors. If sold separately they will enjoy a well-crafted joint maintenance and cross easement agreement to be filed at closing.
Strategic Location- Ideally located directly across from St. Joseph East Hospital, just steps from Valvoline World Headquarters along with dozens of professional businesses, this property provides exceptional accessibility and visibility. Tenants benefit from immediate access to major Lexington roadways including Man O War Boulevard, New Circle Road, and Richmond Road, making it an ideal hub for medical, professional, or corporate office users.
Zoning & Environmental Assurance- Both parcels are zoned P-1 (Professional Office), allowing for a wide range of medical, business, legal and general office-related uses under Fayette County Metro planning regulation. To Facilitate bidder due diligence the current Ownership has had a comprehensive Phase I Environmental Site Assessment, Complete Land Survey marking the entire Office Park boundaries including the Division Line between each Distinct Parcel. Local Real Estate Counsel has completed a Commitment for Title Insurance for review in the Property Information Package available from Tranzon. The Financial History and Rental Roll information along with the ESA are available for review upon execution of a standard Non-Disclosure Agreement (NDA), offering added transparency and peace of mind for investors.
Stabilized Income with Upside Potential Combined, the 151 & 161 Buildings Contain approx. 62,069 square feet of leasable space, accommodating a Variety of Flexible Tenant Layouts that Range from Entire Floors to Cozy Office Suites that cater to the Sole Practitioner. The Buildings are Currently Generating Substantial Rental Income under Professional Management, with Strong Upside Prospects for the Savvy Investor, or expanding Corporate Firm that is poised for Future Growth but needs options in the near term.
Public Inspection - Make Plans Today to attend the Public Inspection on September 10 at 12:00pm where Current Property Management and the Auction team will be Available to Answer Questions, Provide Site Tours along with Additional Information.
Selling on Behalf of the Final Settlement of Wm. Bush Gess, II Estate
Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998
Property is being Sold in Cooperation with Schrader Commercial Properties, LLC | James Schrader, President
10% Buyer's Premium and other terms apply
Online bidding ends September 17th at 3:00 pm ET
Inspection: September 10th at 12:00pm ET
Property Address: 151 & 161 North Eagle Creek Drive, Lexington, Kentucky 40509
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