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

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:

• Property Type: Industrial
• Transaction Amount: $36,500,000
• Square Footage: 426,117
• Price per Square Foot: $86
• Market: Louisville, KY
• Seller's Representatives: Kevin Foley, Anthony DeLorenzo, Austin Wolitarsky, Alex Grove, Doug Butcher, and Kevin Grove - CBRE
• Cap Rate: 5.15%

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.