Central KY Commercial Real Estate Blog

NAI Isaac assisted with the sale of a +/-10,846 SF office building located at 3245 Loch Ness Drive in Lexington, Kentucky. The property, located off Nicholasville Road in the South Park Shopping Center Development, was sold to a local developer.    Jim Kemper, Vice President and and Jamie Adams, CCIM, LEED AP, Assistant Vice President with NAI Isaac represented the seller.  Bob Cole of Coleman Group represented the buyer.

Leasing commercial property can be an exciting step in the growth of a business, but there are lots of factors to consider when you are preparing to do so. We are here to help you by providing advice on leasing commercial property in shopping centers in Lexington, Kentucky.

One of the first and most important things to consider before going out and searching for a space is your budget. Determining your budget for a lease space will allow you to know what you can afford and also help narrow down your choices. You need to be sure you are totally comfortable with the number you come up with, as this will take a pretty large chunk out of your monthly budget for your business.

Depending on the industry your business is a part of, the amount that should be allocated toward a lease payment varies. Typically, this would be approximately three to ten percent of gross monthly sales. Aside from your lease payment, you also have to account for several other costs, including property taxes, insur…

NAI Isaac welcomes Jerry Martin to the team. Martin joins NAI Isaac with a broad range of commercial real estate experience.  Prior to joining the commercial real estate field in 2007, he served as owner and president of a multi-state distribution company with distribution centers and retail stores.  Martin is an Associate with NAI Isaac's brokerage team as well as a Property Manager.  His experience with the acquisition and disposition of companies and properties enables him to provide unique insight into and understanding of the needs of clients.  Martin represents both Landlords, Tenants, Buyers and Sellers, specializing in Industrial and Office sales and leasing.   Martin is a native of Lexington and a graduate of the University of Kentucky. 

When renting a space for your business there are several factors to consider. If you are going to sign a lease, you need to make sure that you are entering a financial beneficial decision. Here are some things that you should consider when leasing commercial property in Lexington, KY.
Usable Square Footage Prior to making a lease agreement, you should ask for clarification on the square footage. Commercial leases tend to quote the Rentable Square Foot of the property, but this is not an accurate portrayal of the space. The RSF figure is calculated based on combining the amount of square footage of the private premises with a proportional share of the building’s common areas. The collective areas are used among the tenants include staircases, lobbies, restrooms, and corridors.

To find the square footage of commercial property lease by itself, you need the Usable Square Footage. The distinction between the RSF and USF is important to make. You will need to know the difference between h…

Modern shoppers have developed a reluctance to allocate time to one activity, but rather prefer to diversify their excursion. This recent trend has shown that people prefer to make a day of their outing by not only shopping but enjoying the entertainment options surrounding the retail center. People prefer an overall experience rather than simply shopping. Stores are found to benefit by being near restaurants, and other sources of amusement. Location is fundamental for retailers to draw in customers during this era dominated by online shopping. Here are some considerations to keep in mind when finding the best retail locations for rent in Lexington, KY.
The Summit at Fritz Farm When finding the best retail locations for rent in Lexington, KY, the Summit at Fritz Farm is a recent addition to consider. This shopping center was designed to provide a unique style of shopping for the area. Situated in a quaint but upscale area, there is a plethora of stores including national brands and l…

NAI Isaac assisted with the sale of South Park Shopping Center, a +/-216,235 SF shopping center located at 3220 Nicholasville Road in Lexington, Kentucky. Bruce R. Isaac, SIOR, CCIM, Senior Vice President and Jamie Adams, CCIM, LEED AP, Assistant Vice President with NAI Isaac assisted Kevin James with Black Gate Partners in representing Kimco Lexington 140, LLC with the sale.  The property was sold to Kaden T, LLC, a privately held commercial real estate company that invests and develops retail properties throughout the Midwest and Southeast regions of the U.S.