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101 Yorkshire Boulevard, Le...

Marcus & Millichap Sells 15.3 Acre Office In Lexington, KY For $11.5M
SOLDOffice

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

Alexander Nulf

Marcus & Millichap

Broker

$20.1M

vol

2 deals

Broker

Lexington Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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