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Piramal Pharma Solutions 1575 Mcgrathiana Pky

21,543 SF Flex Building Lexington, KY 40511 $42,704,998 CAD ($1,982 CAD/SF) 7.75% Cap Rate

Industrial Properties Kentucky Lexington 1575 Mcgrathiana Pky, Lexington, KY 40511

Executive Summary

Kwekel Companies is pleased to offer the build to suit sale leaseback of Piramal Pharma Solutions 37,543 square foot medical flex facility located on an 11 acre site in Lexington, KY. Piramal Pharma Solutions will execute a new 25 year absolute NNN lease at closing. Piramal Enterprises Limited will also provide a parent guarantee.

Attachments

Piramal Pharma - OM

Property Facts Under Contract

Price $42,704,998 CAD Lot Size 11.20 AC
Price Per SF $1,982 CAD Rentable Building Area 21,543 SF
Sale Type Investment NNN No. Stories 1
Cap Rate 7.75% Year Built 2014
Sale Conditions
Sale Leaseback
  • Build to Suit
 Tenancy Single
Property Type Flex Parking Ratio 2.09/1,000 SF
Building Class B Cross Streets Newtown Pike
Price $42,704,998 CAD
Price Per SF $1,982 CAD
Sale Type Investment NNN
Cap Rate 7.75%
Sale Conditions
Sale Leaseback
  • Build to Suit
Property Type Flex
Building Class B
Lot Size 11.20 AC
Rentable Building Area 21,543 SF
No. Stories 1
Year Built 2014
Tenancy Single
Parking Ratio 2.09/1,000 SF
Cross Streets Newtown Pike

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PROPERTY TAXES

Parcel Number 38051560 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $1,594,320 CAD

PROPERTY TAXES

Parcel Number
38051560
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,594,320 CAD

zoning

Zoning Code P-2
P-2
(616) 293-6924

Contact

  • Listing ID: 31878294

  • Date on Market: 2024-05-21

  • Last Updated:

  • Address: 1575 Mcgrathiana Pky, Lexington, KY 40511

The Flex Property at 1575 Mcgrathiana Pky, Lexington, KY 40511 is currently available for sale. Contact Kwekel Companies for more information.

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Piramal Pharma Solutions | 1575 Mcgrathiana Pky
(616) 293-6924 x

Piramal Pharma Solutions | 1575 Mcgrathiana Pky

Tim Kwekel

(616) 293-6924

(616) 293-6924

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