Marcus & Millichap Sells 15.3 Acre Office In Lexington, KY For $11.5M
SOLD
$11,500,000
+ 2
Kentucky
See Similar DealsOffice165,759 SF
Sold 11/24/2021
SOLD
Marcus & Millichap Sells 15.3 Acre Office In Lexington, KY For $11.5M
101 Yorkshire Boulevard, Lexington, Kentucky 40509, United States
See Similar DealsOffice165,759 SF
Sold 11/24/2021
+ 2
Summary
KENTUCKY
Asset Type:Office
Price Per Square Foot:$69
Total Square Footage:165,759 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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