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Piramal Pharma Solutions 1575 Mcgrathiana Pky

21,543 SF Light Industrial Building Lexington, KY 40511 £23,769,908 (£1,103/SF) 7.75% Net Initial Yield

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 £23,769,908 Lot Size 11.20 AC
Price Per SF £1,103 Rentable Building Area 21,543 SF
Sale Type Investment NNN Number of Floors 1
Net Initial Yield 7.75% Year Built 2014
Sale Conditions
Sale & Leaseback
  • Design & Build
 Tenancy Single
Property Type Light Industrial Parking Ratio 2.09/1,000 SF
Building Class B Cross Streets Newtown Pike
Price £23,769,908
Price Per SF £1,103
Sale Type Investment NNN
Net Initial Yield 7.75%
Sale Conditions
Sale & Leaseback
  • Design & Build
Property Type Light Industrial
Building Class B
Lot Size 11.20 AC
Rentable Building Area 21,543 SF
Number of Floors 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
Land Assessment £0 Total Assessment £877,296

PROPERTY TAXES

Parcel Number
38051560
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£877,296

zoning

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

Contact

  • Listing ID: 31878294

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 1575 Mcgrathiana Pky, Lexington, KY 40511

The Light Industrial 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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