Building Specifications
4. Name of Building? Address?
Lexington Financial Center Sublease
250 West Main Street
Lexington, KY 40507
5. Square footage available for our use?
Total available SF: 357,361
6. Is the square footage quoted in Question 5 contiguous? If not, how much of the space is available in one area?
Max contiguous area: 22,888
7. Previous use of building?
Professional business.
8. Insert aerial of building showing its proximity to other features of campus:
9. Insert pictures below of interior space available:
Not available.
10. Insert floor plan of area with dimensions in feet in the answer space to this question:
Floor plan – 5th floor, 11,318 RSF
Floor plan – 6th floor, 11,570 RSF
11. Insert pictures below of exterior of building from all 4 sides:
12. Are there any covenants regarding restricting hours of use? Are there any other restrictive covenants with which we should be aware?
Building HVAC operates only during workweek business hours.
Lease Terms
13. Given our commitment to pay for 40% of our 200 students employees’ tuition and partner with the University’s Distance Learning, Business, Job Placement, and Foreign Language programs, is the University interested in providing us a discounted lease rate?
Commercial property. Question is not applicable for the university but the broker may provide negotiable lease rates based on credit and lease term.
14. Based on a 5-year lease and the commitments mentioned in Question 13, what lease rate can we expect?
Lease rate: $14.00/SF/YR
15. Is the University willing to fund improvements to the space to accommodate us (keep in mind, we want a loft feel, so most of the improvements will be spent on telecomm infrastructure, not walls, finishings, and such)?
N/A
16. If the answer to question 15 is yes, how much capital investment is the University willing to put into this project?
N/A
17. Assuming we commitment to a 5-year lease, what lease rate can we expect with the University finishing the space as described in Questions 15 and 16?
As stated in #13, broker may negotiate a lower lease rate.
Utilities
18. Who is the fiber provider?
Windstream, Time Warner, and AT&T serve the building.
19. Is redundant fiber available?
Windstream is the predominant provider of fiber in Lexington. Their central office is located in downtown Lexington and they have an extensive fiber network throughout downtown. Windstream can provide diverse fiber to guarantee that if one route goes does down there will be another route of communication. Redundant fiber is available in some locations and Windstream will build redundant fiber and build the cost into the rate.
20. Describe the telecommunications, fiber, and internet infrastructure to the space in very specific terms.
There are several large fiber connections into the building: Windstream, Time Warner, and AT&T. Diverse fiber can be provided to guarantee continued communication.
Telephone, telecommunication, and internet are also available.