130 W New Circle Rd
Lexington, KY


Subdivision: Commercial
Bedrooms:
Bathrooms:

Finished Area: sq ft.
MLS Number: 804,197
Price: $8,500,000

Marketing Remarks: The 67,700 S.F. New Circle Crossing building is located on 7.58 acres of B-3 zoned land with great visibility on the primary city access route on the West side of Lexington. The retail/office/warehouse facility is 100% leased by two credit tenants Windstream Corporation (S&P rating BB+) and Tesinc, a dividsion of Dycom (S&P rating BB). The retail building underwent complete renovation in 2005 and is essentially a new building. Equipped with a vehicle service facility and outdoor parking bays, the primary use of the building is office space with a storage segment. Here is a chance for an investor to own a triple net, mailbox money type of investment with an existing non recourse assumable 5.82% loan on two credited tenants. With underlying real estate that is zoned B-3 at a high traffic intersection with over 38,000 cars daily.

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Listing Courtesy Of: Sperry Van Ness

Street #: 130 Address: W New Circle Rd

List Price: $8,500,000 Approx. Total Sq. Ft: 67700 Lot Size / Acreage: 7.580 acres, 330185 sq.ft Listing Date: 12/31/1969 Entry Date: 12/31/1969 Status: A City: Lexington State: KY Zip Code: 40505 Area: Fayette County NE 2 County: Fayette Subdivision: Commercial Virtual Tour : http://sale.svn.com/ncc Tax Rate: .03/100 MLS #: 804,197 Listing Office missing: Sperry Van Ness Full Baths: 0 Half Baths: 0 Quarter Baths: 0 3/4 Baths: 0 Marketing Remarks: The 67,700 S.F. New Circle Crossing building is located on 7.58 acres of B-3 zoned land with great visibility on the primary city access route on the West side of Lexington. The retail/office/warehouse facility is 100% leased by two credit tenants Windstream Corporation (S&P rating BB+) and Tesinc, a dividsion of Dycom (S&P rating BB). The retail building underwent complete renovation in 2005 and is essentially a new building. Equipped with a vehicle service facility and outdoor parking bays, the primary use of the building is office space with a storage segment. Here is a chance for an investor to own a triple net, mailbox money type of investment with an existing non recourse assumable 5.82% loan on two credited tenants. With underlying real estate that is zoned B-3 at a high traffic intersection with over 38,000 cars daily. Tools Contact Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend Listing Office missing: Sperry Van Ness This listing has been viewed 13 times.

Listing Courtesy Of: Sperry Van Ness

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Listing Office missing: Sperry Van Ness

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