Marcus & Millichap Sells 15.3 Acre Office In Lexington, KY For $11.5M
101 Yorkshire Boulevard, Lexington, Kentucky 40509, United States
$11,500,000
$69/SF
Building Size
165,759 SF
Asset Type
Office
Closing
Nov 23, 2021
AI
The office property located at 101 Yorkshire Blvd in Lexington, KY has been sold. The property spans across 15.3 acres and consists of a total of 165,759 square feet. The transaction was facilitated by Joseph DiSalvo, Alexander Nulf, Gus Poulos, John Mundell, and Colby Haugness from Marcus & Millichap. The sale price for the property was $11,500,000, resulting in a price per square foot of $69.
Summary of transation details
- Property Type: Office
- Transaction Amount: $11,500,000
- Address: 101 Yorkshire Blvd, Lexington, KY
- Market: Lexington, KY
- Acres: 15.3
The team from Marcus & Millichap, including Joseph DiSalvo, Alexander Nulf, Gus Poulos, John Mundell, and Colby Haugness, represented the parties involved in the transaction. This deal marks an important milestone for the office property market in Lexington, KY.
Players
Lexington Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93