Notable Sales & Leases
Mist Lake Retail Shopping Center
3120 – 3180 Richmond Road,
Lexington, KY 40509
24.71 Acres
Sale Price: $17,400,000
- Throughout the marketing process SVN Stone Commercial tackled many challenges including a call for offers, leasing prospects, and finally a multiple offer situation which ultimately led to the disposition.
- The sale of this 217,292 sf shopping center is a win/win/win for the city of Lexington, with the seller & buyer being two local businesses — both with a major presence in the retail landscape of Lexington.
Suburban Office Building
120 Prosperous Place,
Lexington, KY 40509
2.87 Acres
Sale Price: $5,700,000
- SVN Stone helped the investor buy the property 4 years ago at 50% occupancy and retained leasing.
- SVN Stone was able to fill the property to 95% occupancy before listing it on the open market!
I-75 Industrial Distribution Center
109 Triport Road,
Georgetown, KY 40324
11.27 Acres
Sale Price: $10,700,000
- The property leasing was taken over at just over 21% occupancy. Through over 5 lease transactions, the property was brought to 99% occupancy.
- Through the SVN platform, the property was sold to an out of town investor (CA) and the sale was also co-brokered.
MULTIFAMILY
16 Unit Multifamily Apartment Building
Lexington, KY 40509
16 Units
Sale Price: $1,395,000
- Surrounded by horse farms and short on housing, Justin Ryder, CCIM connected with a Phoenix investor bullish on the Lexington market.
- SVN Stone Commercial Real Estate assisted purchasers in building a local team of lenders/managers to stabilize the property at market rents and add value, the process of which has already started.
HOSPITALITY
Fairfield Inn and Suites Hotel
Georgetown, KY 40324
88 Rooms
Sale Price: $5,150,000
- The seller bought the property 20+ years ago as an exterior Shoney’s Inn and renovated it to a Fairfield Inn. Seller had depreciated the property completely and faced a multi-million dollar PIP.
- Earl Brady worked with the seller for over a year to make a deal, and negotiated a contract with both parties sharing ½ each for commission and the seller responsible for PIP.
LAND & DEVELOPMENT
Midway Station Industrial Park
Midway, KY 40347
32.62 total acres sold
Sale Price: $2,145,880
- SVN Stone partnered with the Woodford County Economic Authority to turn the industrial park into the job generator it was designed to be.
- SVN has successfully sold all available lots and helped fulfill the financial goals the local government envisioned.
- Today the industrial park is on track to host 1000 jobs and generate millions in local and state revenue.
Mist Lake Retail Shopping Center
3120 – 3180 Richmond Road,
Lexington, KY 40509
217,292 SF
24.71 Acres
Sale Price: $17,400,000
- Throughout the marketing process SVN Stone Commercial tackled many challenges including a call for offers, leasing prospects, and finally a multiple offer situation which ultimately led to the disposition.
- The sale of this 217,292 sf shopping center is a win/win/win for the city of Lexington, with the seller & buyer being two local businesses — both with a major presence in the retail landscape of Lexington.
Suburban Office Building
120 Prosperous Place,
Lexington, KY 40509
47,500 SF
2.87 Acres
Sale Price: $5,700,000
- SVN Stone helped the investor buy the property 4 years ago at 50% occupancy and retained leasing.
- SVN Stone was able to fill the property to 95% occupancy before listing it on the open market!
I-75 Industrial Distribution Center
109 Triport Road,
Georgetown, KY 40324
222,256 SF
11.27 Acres
Sale Price: $10,700,000
- The property leasing was taken over at just over 21% occupancy. Through over 5 lease transactions, the property was brought to 99% occupancy.
- Through the SVN platform, the property was sold to an out of town investor (CA) and the sale was also co-brokered.
MULTIFAMILY
16 Unit Multifamily Apartment Building
Lexington, KY 40509
16 Units
Sale Price: $1,395,000
- Surrounded by horse farms and short on housing, Justin Ryder, CCIM connected with a Phoenix investor bullish on the Lexington market.
- SVN Stone Commercial Real Estate assisted purchasers in building a local team of lenders/managers to stabilize the property at market rents and add value, the process of which has already started.
HOSPITALITY
Fairfield Inn and Suites Hotel
Georgetown, KY 40324
88 Rooms
Sale Price: $5,150,000
- The seller bought the property 20+ years ago as an exterior Shoney’s Inn and renovated it to a Fairfield Inn. Seller had depreciated the property completely and faced a multi-million dollar PIP.
- Earl Brady worked with the seller for over a year to make a deal, and negotiated a contract with both parties sharing ½ each for commission and the seller responsible for PIP.
LAND & DEVELOPMENT
Midway Station Industrial Park
Midway, KY 40347
32.62 total acres sold
Sale Price: $2,145,880
- SVN Stone partnered with the Woodford County Economic Authority to turn the industrial park into the job generator it was designed to be.
- SVN has successfully sold all available lots and helped fulfill the financial goals the local government envisioned.
- Today the industrial park is on track to host 1000 jobs and generate millions in local and state revenue.