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Office Property For Sale

The Limestone Crossing Building

799 E. Brannon Rd., Nicholasville, KY 40356

Price:
$1,700,000
Building Size:
7,518 SF
Price/SF:
$226.12
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with 5 years left on lease
Construction Status:
Under Construction
Commission Split:
3%
Cap Rate:
8.12%
Occupancy:
100%
No. Stories:
1
Building Class:
A
Tenancy:
Single
Year Built:
2008
Find Out More...

Last Verified 10/18/2009 Listing ID 15719319

Highlights

100% Leased
Brand New Quality Construction
Net Lease Investment

Surrounded by new development
Attractive Business Park Setting

Description

Formerly the Praxeis building. The building is 100% leased to Limestone Crossing, LLC, and is the welcome center for a cutting edge community designed for adults 62 years plus. Limestone Crossing is a retirement center developed in conjunction with the University of Kentucky. The one story building is 7,518 square feet and will be the sales office and headquarters for Limestone Crossing. The property is an attractive buying opportunity for 1031 exchange investors.

The building is located at the border of Fayette County and Jessamine County boundary just inside the Nicholasville city limits and located on East Brannon Road. This is a fast growing area near Nicholasville Road surrounded by all types of new development and the Brannon Crossing Center.

Attachments

Aerial(675 KB)

Financial Summary

Major Tenant Information

Actual
Net Operating Income
$138,040

Tenant		Lease Expired
Limestone Crossing, LLC

Map of 799 E. Brannon Rd., Nicholasville, KY 40356 (Jessamine County)

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Presented by

Schrader Commercial Properties, LLC

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Contact Listing Broker

James Schrader (859) 288-5008

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Created 5/19/2008

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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