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Commercial For sale Office space Office Condo

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

1648 McGrathiana Pkwy, Lexington, Kentucky 40511

$25,000,000
$145 / sq ft 7.92% cap rate Listed Aug 6, 2026
172,215 sqft
Building
2009
Built
1
Stories
822
Parking
1
Units
Class A
Class

About this property

Class "A" Office | ±172,215 SF | 100% Occupied is an office space for sale in Lexington, Kentucky, listed at $25,000,000. Key details: year built 2009, building size 172,215 sqft, stories 1, parking spaces 822. Listed by Michael Bull, CCIM of Bull Realty - TCN Worldwide on LoopingCloud and last updated August 6, 2026.

Premier Class A Office Investment Opportunity | Lexington, KY

Presenting an extraordinary commercial real estate investment opportunity in Lexington, Kentucky: a 100% fully occupied, Class A office building offered at $25,000,000. Spanning approximately 172,215 square feet across 5 imposing floors, this high-caliber asset offers an optimal blend of immediate income stability, blue-chip tenant creditworthiness, and long-term capital preservation.

Acquiring this premium property at just $145 per square foot allows investors to secure a flagship real estate asset significantly below replacement cost, establishing an advantageous basis with exceptional upside potential.

High-Profile Corporate & Institutional Anchor Tenants

Constructed in 2009 with timeless architecture and institutional-grade specifications, the building boasts a robust, diverse roster of 8 high-credit tenants spanning 16 suites, boasting an overall Weighted Average Lease Term (WALT) of 3.00 years and an average rent of $20.71 PSF.

The property serves as regional headquarters and essential operational space for world-renowned institutions and government agencies, including:

  • The University of Kentucky (Anchor Tenant)

  • The American Board of Family Medicine (Anchor Tenant)

  • Federal Bureau of Investigation (FBI)

  • United States Secret Service

  • Lockheed Martin

  • A&W Restaurants Corporate Headquarters

  • Komatsu

Prime Strategic Location: Coldstream Research Campus

Situated within the prestigious University of Kentucky Coldstream Research Campus, the property enjoys a strategic position in one of Lexington’s top technology, research, and corporate hubs.

  • Convenient Access: Located just two blocks from the Newton Pike interchange off I-64 / I-75.

  • Downtown Proximity: Only 5 miles north of Downtown Lexington.

  • Airport Connectivity: Positioned just 8.6 miles from Blue Grass Airport (LEX), making travel seamless for executive tenants and visiting clients.

Institutional Infrastructure & Property Highlights

Designed to accommodate mission-critical operations, government security protocols, and high-tech enterprise needs, the building features top-tier infrastructure and site management:

  • Redundant Power Systems: Dual-fed power architecture served by two independent electrical substations for maximum operational continuity.

  • Back-up Power: Equipped with two separate on-site emergency generators.

  • Long-Term Ground Tenure: Secured by an 80-year land lease through the University of Kentucky.

  • Turnkey Management: Professional, top-tier engineering and property management team already in place to ensure smooth ownership transition.

Investment Summary & Brokerage Details

  • Offering Price: $25,000,000 ($145 PSF)

  • Building Size: ±172,215 SF

  • Floors: 5

  • Year Built: 2009

  • Occupancy: 100%

  • Average Rent: $20.71 PSF

  • WALT: 3.00 Years

Key highlights

  • Net Lease Investment

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Year Built
2009
Building Size
172,215 sqft
Stories
1
Parking Spaces
822
Total Units
1
Building Class
Class A
Property Status
Normal Sale
Building Status
Existing
Net Lease Investment
Yes

Pricing details

Net Operating Income
$1,980,459
Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

7.92%
Cap rate
$1,980,459
Net operating income
$145
Price per sq ft

Actual - Cash Flow

Source: Yearly tax returns

Gross incomeNet operating income
$0$500K$1M$1.5M$2MGross income -Net operating income $1,980,4592026
YearGross incomeEffective grossExpensesNOIPre-tax cash flowCap rate
2026---$1,980,459--

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $25,000,000 8% - - -

Location

Address as shown by the lister.

Get directions

About this area - Lexington

Population
18,179
Housing units
7,074
Land area
89.4 sq mi
County
Fayette

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Property documents

1 file to download

Additional contacts

1 person to reach
  • Austin Bull - Austin@BullRealty.comV.P. The Office Group - (404) 368-2629

Frequently asked questions

What is the asking price of Class "A" Office | ±172,215 SF | 100% Occupied?

Class "A" Office | ±172,215 SF | 100% Occupied is listed at $25,000,000. That works out to about $145 per square foot. The stated cap rate is 7.92%.

Where is Class "A" Office | ±172,215 SF | 100% Occupied located?

The property is in 1648 McGrathiana Pkwy, Lexington, Kentucky 40511, Fayette County.

What type of property is this?

This is an office space for sale in the commercial category.

How big is the property?

The building is 172,215 sqft.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Michael Bull, CCIM of Bull Realty - TCN Worldwide listed this property. Use the Request Info button to send a message or call (404) 876-1640.

When was this listing published?

It was published on August 6, 2026 and last updated on August 6, 2026.

Listing information

Listing ID
CL-Kentucky-28163
Published
Aug 6, 2026
Last updated
Aug 6, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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