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High-net-worth Family Office Acquires Industrial Asset In Louisville KY For $36.5M

Property Image
SOLD
$36,500,000
Kevin Foley
Austin Wolitarsky
Anthony DeLorenzo
+ 3

Indiana

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Industrial426,117 SF
Sold 11/01/2024
the dealplayerscompscontact
Property Image
SOLD

High-net-worth Family Office Acquires Industrial Asset In Louisville KY For $36.5M

301 Logistics Avenue

See Similar Deals
Industrial426,117 SF
Sold 11/01/2024
Kevin Foley
Austin Wolitarsky
Anthony DeLorenzo
+ 3
the dealplayerscompscontact
Contact now

Summary

INDIANA
Asset Type:Industrial
Price Per Square Foot:$85
Total Square Footage:426,117 SF
Transaction Type:Sale

The property asset involved in the transaction is an industrial facility located at 301 Logistics Avenue, Louisville, KY. The sale price for this asset was $36,500,000, encompassing a total square footage of 426,117. The price per square foot for this transaction is $86.

Summary of transaction details:

The deal was finalized with a private, high-net-worth family office as the purchaser. The representatives from CBRE played a crucial role in facilitating the transaction, ensuring thorough negotiation and closing processes were executed effectively.

Players

Anthony DeLorenzo
CBRE
Anthony DeLorenzo
116 deals$2B volume
BROKER
Austin Wolitarsky
CBRE
Austin Wolitarsky
21 deals$465.1M volume
BROKER
Kevin Foley
CBRE
Kevin Foley
19 deals$331.2M volume
BROKER
Alex Grove
CBRE
Alex Grove
1 deal$36.5M volume(502) 412-7655
BROKER
Kevin Grove
CBRE
Kevin Grove
1 deal$36.5M volume(502) 608-6701
BROKER
Doug Butcher
CBRE
Doug Butcher
1 deal$36.5M volume(502) 412-7641
BROKER

Details

SOLD
IMAGE: Kevin Foley, Anthony DeLorenzo, Austin Wolitarsky & Alex Grove DATE: 11/01/2024 ADDRESS: 301 Logistics Avenue MARKET: Louisville, KY ASSET TYPE: Industrial SELLER'S REP: Kevin Foley (@KPFoley), Anthony DeLorenzo (@AnthonyDelorenzo), Austin Wolitarsky (@Wallyboyuee), Alex Grove, Doug Butcher & Kevin Grove - CBRE (@CBRE) SALE PRICE: $36,500,000 SF: 426,117 ~ PPSF: $86 NOTE: Sold to a private, high-net-worth family office at a 5.15% cap rate.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,946,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$129,676.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$173,028.62
Annual Debt Service$2,076,343.46