Class "A" Office | ±172,215 SF | 100% Occupied

For Sale

1648 McGrathiana Pkwy, Lexington, KY 40511

This Lexington property for sale is located at 1648 McGrathiana Pkwy. The general use of Class "A" Office | ±172,215 SF | 100% Occupied is office and it incorporates 172,215 square feet of class A office space. The current listed sale price for Class "A" Office | ±172,215 SF | 100% Occupied is $25,000,000. Class "A" Office | ±172,215 SF | 100% Occupied is situated on a lot that is 9.6 acre in size.

Contacts

broker
Michael Bull, CCIM

Bull Realty

Property Details

  • Property Type Office - Government Office
  • Property Size 172,215 SF
  • Units 16
  • Lot Size 9.6 Acre
  • Parking Spaces Avail. 822
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2009
  • Date Updated Aug 7, 2025
This property is located in Lexington, KY.Opportunity to acquire a 100% occupied class “A” office building in Lexington, KY. The gorgeous 5-story ±172,215 SF building built in 2007 is anchored by long term tenants; University of Kentucky & the American Board of Family Medicine. The impressive tenant roster includes other household names such as A&W, FBI, Secret Service, Lockheed Martin, and KOMATSU. Acquiring the property at just $145 per square foot offers investors a rare opportunity to purchase well below replacement cost, creating long-term value with both income stability and significant upside potential. The property is well-located in The University of Kentucky Coldstream Research Campus. The campus is conveniently located 2-blocks from the Newton Pike exit off Hwy 64, 5 miles north of downtown Lexington and only 8.6 miles from the Blue Grass airport.
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Highlights

  • 8 Tenants in 16 suites
  • 80-Year land lease
  • Average rent PSF $20.71
  • Excellent engineer/management in place
  • Kentucky Broker of Record: Bang Realty, Brian Brockman, Bang Realty KY License #204982
  • Redundant power from two different substations
  • Two separate generators
  • WALT 3.00
  • Year built: 2009

Getting around

  • 14/100

    Walk Score ®

  • 27/100

    Transit Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lexington, KY
  • Neighborhood Spindletop
  • Zip Code 40511
  • Market Lexington

Points of Interest

  • Marathon

    0.30 miles

  • Shell

    0.53 miles

  • Speedway

    1.71 miles

  • Lex Express

    2.29 miles

  • Tesla Supercharger

    6.68 miles

  • ChargePoint

    7.12 miles

  • Central Bank Center Parking Garage

    3.29 miles

  • Victorian Square parking garage

    3.36 miles

  • Rupp Arena

    3.40 miles

  • Rupp Arena Parking Lot

    3.41 miles

  • Courthouse Plaza

    3.52 miles

  • Library Parking

    3.60 miles

  • Helix Parking Garage

    3.62 miles

  • LFUCG Garage

    3.65 miles

  • Phoenix Lot

    3.66 miles

  • Calvary Baptist Churc

    3.66 miles

  • Embassy Suites

    0.18 miles

  • Griffin Gate Marriott Resort & Spa

    0.44 miles

  • Four Points by Sheraton - Lexington

    0.52 miles

  • La Quinta Inn - Lexington

    0.53 miles

  • Glo by Best Western

    0.58 miles

  • Fairfield Inn & Suites Lexington North

    0.62 miles

  • Residence Inn

    1.38 miles

  • Courtyard

    1.47 miles

  • Candlewood Suites Lexington

    1.63 miles

  • Horseshoe Motel

    1.90 miles

  • Stop & Shop

    1.16 miles

  • ALDI

    1.66 miles

  • Aguacalientes Grocery

    1.85 miles

  • Ross

    1.89 miles

  • Walmart Supercenter

    1.95 miles

  • Kroger

    2.95 miles

  • Wine + Market

    3.06 miles

  • FoodLand

    3.89 miles

  • Lucky

    4.40 miles

  • Big Lots

    5.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Michael Bull, CCIM

Bull Realty

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