Updated Dec 5, 2024
RP Construction Services Leases 180,000 SF Industrial Space At Park 65 Business Center In Brooks, KY
100 Brooks Way Brooks, Kentucky 40109, Usa
Building Size
180,000 SF
Asset Type
Industrial
Closing
Jun 23, 2023
About this deal
AI
The Park 65 Business Center in Louisville, Kentucky has been fully leased out by MDH Partners, filling the remaining 180,000 square feet of the 260,000-square-foot distribution center. The industrial property is located at 100 Brooks Way in the Brooks market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Square Footage: 180,000
- Address: 100 Brooks Way, Brooks, KY
- Market: Brooks, KY
The landlord of the property is MDH Partners, represented by Raymond Hill. The tenant responsible for leasing the remaining space is RP Construction Services. The lease transaction was facilitated by the brokers Robert Walker and Greg Charmoli from Cushman & Wakefield.
NOTE: MDH Partners successfully filled the remaining 180,000 square feet of the Park 65 Business Center in Louisville, Kentucky, which has a total area of 260,000 square feet.
Players
Brooks Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93