newly renovated professional office …...newly renovated professional office space for lease 120...

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NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director 859.351.5444 [email protected] John Bunch Advisor 859.433.8911 [email protected] SVN | STONE COMMERCIAL REAL ESTATE | 300 E. MAIN STREET, SUITE 220, LEXINGTON, KY 40507 LEASE BROCHURE

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Page 1: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

NEWLY RENOVATEDPROFESSIONALOFFICE SPACEFOR LEASE120 PROSPEROUS PLACELEXINGTON, KY 40509

Matt Stone, CCIM, SIOR, MBAManaging [email protected]

John [email protected]

SVN | STONE COMMERCIAL REAL ESTATE | 300 E. MAIN STREET, SUITE 220, LEXINGTON, KY 40507 LEASE BROCHURE

Page 2: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

OFFERING SUMMARY

Available SF: 2,290 - 11,921 SF

Lease Rate: $18.00 SF/yr (MG)

Lot Size: 2.87 Acres

Year Built: 1997

Building Size: 47,754 SF

Zoning: P-1

Market: Central Kentucky

Submarket: Lexington

SVN Stone Commercial Real Estate is pleased to offer this newly renovated professional office building located at 120 ProsperousPlace in Lexington, Kentucky. With the property recently transferring hands, the new ownership has wasted no time in taking onseveral large capital improvements (new roof,parking lot, LED lighting) as well as a newly renovated interior common area with amodern and clean design throughout. This three story office building has a total of 47,754 SF on 2.87 acres with 17,145 rsf currentlyavailable. This building can accommodate both large and small users with the minimum divisible being 2,290 sf. This property offerseasy access to I-75/I-64, Richmond Road and Man O' War, and New Circle Road, and is just minutes away from the Richmond Roadretail corridor and Hamburg Pavilion regional shopping center. Please contact us to get more information on this great opportunity.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• $18.00 SF/Year + Utilities and CAM (Currently Estimated at $3.00 sf/yr)

• NEW OWNERSHIP & RENOVATIONS

• Over 17,000sf Available | Minimum divisible 2,290sf

• Great location near corner of Richmond Road and Man O' War

• Adjacent to St. Joseph East Hospital, other medical and traditional office space

• Easy Access to I-75/I-64, Richmond Road, Man-O-War, and New Circle Road

• Abundant shopping, retail, and restaurants nearby

Property Summary

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Page 3: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

SUITE SIZE (SF) LEASE TYPE LEASE RATE

Suite 102 5,234 SF Modified Gross $18.00 SF/yr

Suite 201 2,290 - 8,688 SF Modified Gross $18.00 SF/yr

Suite 205 3,223 SF Modified Gross $18.00 SF/yr

Suites 201 & 205 11,921 SF Modified Gross $18.00 SF/yr

LEASE TYPE | MG TOTAL SPACE | 2,290 - 17,145 SF LEASE TERM | NEGOTIABLE LEASE RATE | $18/SF/YR

LEASE TYPE | MG

TOTAL SPACE | 2,290 - 17,145 SF

LEASE TERM | Negotiable

LEASE RATE | $18/SF/Yr

Available Spaces

Page 4: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Floor Plan - 1st Floor

Page 5: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Floor Plan - 2nd Floor

Page 6: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

Page 7: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

Page 8: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

Richmond Rd | 38,000+ VPD

Richmond Rd | 38,000+ VPD

Man O’ War Blvd | 46,000+ VPD

120 PROSPEROUS PLACE OFFICE

FOR LEASE

For marketing purposes only,exact locations not wattanted

Page 9: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

Page 10: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Lexington, KY

Page 11: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 11,597 75,132 186,460

Median age 30.1 33.4 33.4

Median age (Male) 29.4 32.6 32.9

Median age (Female) 32.6 35.0 34.3

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,428 33,402 81,223

# of persons per HH 2.1 2.2 2.3

Average HH income $49,916 $70,158 $66,992

Average house value $252,812 $241,859 $241,488

* Demographic data derived from 2010 US Census

Demographics Map & Report

Page 12: NEWLY RENOVATED PROFESSIONAL OFFICE …...NEWLY RENOVATED PROFESSIONAL OFFICE SPACE FOR LEASE 120 PROSPEROUS PLACE LEXINGTON, KY 40509 Matt Stone, CCIM, SIOR, MBA Managing Director

CLASS A OFFICE SPACE FOR LEASE | 120 PROSPEROUS PLACE LEXINGTON, KY 40509 SVN | Stone Commercial Real Estate | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

The material contained in this Offering Brochure is furnished solely for the purpose of considering a lease of a portion of the property within and is not to beused for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the writtenconsent of the SVN® Advisor or Property Owner (“Owner”), or used for any purpose whatsoever other than to evaluate the possible lease of the Property.

The only party authorized to represent the Owner in connection with the lease of the Property is the SVN Advisor listed in this proposal, and no other personis authorized by the Owner to provide any information or to make any representations other than contained in this Lease Offering Brochure.If the personreceiving these materials does not choose to pursue a lease of the Property, this Lease Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisLease Offering Brochure may include certain statements and estimates by SVN with respect to the Property. These Assumptions may or may not be provento be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability forrepresentations or warranties, expressed or implied, contained in or omitted from this Lease Offering Brochure, or any other written or oral communicationtransmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it inany final, fully executed and delivered Real Estate Lease Agreement between it and Owner.The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor, nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Lease OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Lease Offering Brochure is a solicitation of interest only and is not an offer to lease the Property. The Owner expressly reserves the right, at its solediscretion, to reject any or all expressions of interest to lease the Property and expressly reserves the right, at its sole discretion, to terminate negotiationswith any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the LeaseOffering Brochure or making an offer to lease the Property unless and until the Owner executes and delivers a signed Real Estate Lease Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer to lease, a prospective lessee will be deemed to have acknowledged the foregoingand agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective lessee, any prospective lesse should not rely on any such correspondence orstatements as binding Owner. Only a fully executed Real Estate Lease Agreement shall bind the property and each prospective purchaser proceeds at itsown risk.

Disclaimer