Adena Springs Farm

SPOTLIGHT ON

Adena Springs Farm

2,300 Acres in Bourbon County, Kentucky

Presented by Icon Global

Anticipation is growing with Icon Global’s recent announcement that a “Call for Offers” on the storied Thoroughbred breeding farm, Adena Springs, is likely coming soon.

“The legend and legacy of Adena Springs is unparalleled,” said Bernard Uechtritz. “Marketing has generated a variety of expressions of interest. As we continue to evaluate interest, we will potentially release the official tender date in Q1 2023.”

The property’s sale was first announced at the Fasig-Tipton Night of Stars Event in November of 2022. Its $55 million listing price was revealed in June, spurring an uptick in qualified and focused activity.

“In 2022, new price records are being set at prestigious Thoroughbred sales across the globe,” Uechtritz said. “Equestrian enthusiasts are apparently supporting Winston Churchill’s observation that, ‘The outside of a horse is good for the inside of a man.”

According to Uechtritz, their enthusiasm spills over into equestrian real estate. He cited the recent announcement and simultaneous pending sale of Woodford County’s Pin Oak Farm by Justice Real Estate based in Lexington, Kentucky, as one example of significant listing momentum, as well as other private, off-market activities in local, national, and global racing pockets.

“There is always smart money for great real estate anywhere, in any market—regardless of where conventional indicators and talking heads may point,” Uechtritz said. “And this is great, great equestrian real estate.”

Historically Adena Springs’ focus has been on breeding champion racehorses, but the world class infrastructure is multi-faceted, versatile and could be easily converted to a showplace for any equestrian discipline, be it show jumping, hunter jumper, Grand Prix, dressage, or cross country. It could even be a horse park or another type of creative racing breeding co-op operation with central facilities.

“The farm naturally divides in half or into other large tracts that could support different operations or development; however, we hope to leave those options, decisions, and value-add opportunities for the new owner. We will, however, sub-divide the farm if it makes sense.”

The Farm

At 2,300±-acres the state-of-the-art breeding facility is one of the two largest farms under one fence in the rolling heart of the Bluegrass Country. At peak capacity, Adena Springs can accommodate 1,000 horses. Located 20 minutes northeast of Lexington, Kentucky, the farm has earned the prestigious Eclipse Award for Outstanding Breeder eight times since its founding.

Arguably the farm’s focal point is the two-and a-half-story Office/Stallion Barn/Breeding Shed. The lobby, complete with custom trophy cases, recessed lighting and walnut wainscoting with an adjoining conference room and offices, is just the beginning.

The office is directly attached to a 14-stall stallion barn, complete with a large viewing area. The stallion barn feeds into the teasing and prep area that includes two teaser and three mare stalls as well as a teasing area, a full laboratory, a viewing area and two offices.

In addition to the main complex, the farm boasts seven identical 28-stall broodmare barns; 10 lighted run-in barns; one quarantine barn; two hay barns (250'x30') and one equipment building (60'x40').

The farm also includes nine management-suite homes ranging in size up to 3,500 square feet each. An employee complex with 11 residences, an in-ground pool, and other recreation options such as volleyball and a soccer field.

“There is simply no other horse farm like this available. It is modern, efficient, well-built and on Kentucky’s best soil.”

“Adena Springs farm has earned the prestigious Eclipse Award for Outstanding Breeder eight times since its founding. ”

—BILL JUSTICE Justice Real Estate Lexington, Kentucky

2,300 Acres in Bourbon County, Kentucky • Property ID: 12777416 • $55,000,000

ICON GLOBAL

214-855-4000 • Info@Icon.Global • WWW.ICON.GLOBAL