Office•Medical•For Sale or Lease

Pasadena Medical Office Building

166 Pasadena Drive, Lexington, Kentucky 40503

Sale Price $2,050,000
Lease Rate $16.00 /SqFt NNN
Zoning P-1
Class B
Year Built 1987
Stories 1
Gross Bldg 12,096 SqFt
Total Avail 6,000 SqFt
Avail 6,000 to 0 SqFt
Land Area 1.15 Acres
Ceiling Height 9.0 Ft
SVN | Stone Commercial Real Estate is pleased to bring to market this +/- 12,096 sf single-story medical office building located at 166 Pasadena Drive FOR SALE. Over the last 15 years the property has been leased to two separate medical practices who will be vacating the premises the summer of 2021. The improvement is currently fit up to accommodate another medical/clinical user with amenities including the following: reception/waiting area, nursing stations, private exam rooms, admin offices, patient and employee restrooms, x- ray radiation room as well as a kitchenette in each suite. Other features of the property are ample on-site parking (65 spaces) and car access from both Pasadena Drive and Dennis Drive. With the timeline of availability a little over a year away, this provides a new user with plenty of time to plan improvements as well as the logistics of a move while experiencing some cash flow along the way. Lastly, the healthcare sector in Central Kentucky has been the most sustainable driving force of growth and stability in the Bluegrass economy. With nearly 18-percent of the area’s workforce employed in healthcare and related fields, the demand for properties like this one is and will continue to be in high demand. For further information on this asset or to schedule a tour please reach out to: John Bunch at 859-433-8911 john.bunch@svn.com or Weston Lockhart at 859-317-3538 weston.lockhart@svn.com. 166 Pasadena Drive is a +/- 12,000 sf one-story medical office building located just off Nicholasville Road. This property caters well to a medical office user with a plethora of space and accessibility, being located on one floor. Features of this property are ample on-site parking, excellent ingress and egress from both Pasadena Drive and Dennis Drive, and excellent in-place fit-up for a medical office user. This property is set up currently for two different occupants but could be configured a variety of different ways. Basic building layout of each suite includes a front reception area, waiting room, break room, multiple restrooms, physical therapy area, records storage, open work spaces and labs, multiple offices, administration area, and multiple exam rooms. This property at 166 Pasadena Drive is located just off Nicholasville Road between Pasadena and Dennis Drive in Lexington, KY. This medical office space is very accessible to the general public, being only 0.2 miles from Nicholasville Road and 0.5 miles from New Circle Road, two of the busier thoroughfares in Lexington. Lexington’s healthcare supply is consistently ranked among the best in North America and the world, while the industry’s constant expansion is evident in hospital and clinic construction and renovation projects throughout the city. The healthcare sector has been one of the driving forces of growth and stability in the Bluegrass economy, with nearly 18-percent of the area’s workforce employed in healthcare and social assistance fields.
  • +/- 12,096 sf divided between two suites
  • Lease in place until July 2021
  • Quick access to Nicholasville and New Circle Road
  • Ample Parking (5.37/1,000)
  • Access off Pasadena and Dennis Drive

1 Spaces

6,000 SqFt
$16.00 NNN
6,000 SqFt
3/16/2020 2:26:03 PM 4/1/2020 9:13:49 PM
Matt Stone, CCIM, MBA
Managing Director
SVN | Stone Commercial Real Estate
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