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JLL Income Property Trust Secures $49 Million Loan For Louisville Logistics Center In Kentucky

Property Image
FINANCED
$49,000,000

Kentucky

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Industrial1,042,534 SF
Financed 06/03/2026
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Property Image
FINANCED

JLL Income Property Trust Secures $49 Million Loan For Louisville Logistics Center In Kentucky

5071 Preston Highway

See Similar Deals
Industrial1,042,534 SF
Financed 06/03/2026
the dealplayerscompscontact
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Summary

KENTUCKY
Asset Type:Industrial
Price Per Square Foot:$47
Total Square Footage:1,042,534 SF
Transaction Type:Loan

The property asset involved in this transaction is located at 5071 Preston Highway in Louisville, KY. It is classified as an industrial type with a significant square footage of 1,042,534. The asset is fully leased to a global logistics tenant through 2032 and was built in 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $49,000,000
  • Address: 5071 Preston Highway
  • Market: Louisville, KY
  • Landlord: Allan Swaringen - JLL Income Property
  • Loan Amount: $49,000,000
  • Loan Date: 06/03/2026
  • Mortgage Terms: Five-year mortgage at 5.28%

The deal features JLL Income Property Trust, which secured the loan against its Louisville Logistics Center in Shepherdsville, KY. The transaction reflects a focus on a modern warehouse strategy aimed at long-term tenancy, as evidenced by the lease agreement extending through 2032.

Players

Allan Swaringen
JLL
Allan Swaringen
14 deals$934.9M volume(312) 897-4000
BROKER

Details

FINANCED
IMAGE: 06/03/2026 ADDRESS: 5071 Preston Highway MARKET: Louisville, KY ASSET TYPE: Industrial ~ SF: 1,042,534 LANDLORD: Allan Swaringen - JLL Income Property LOAN AMOUNT: $49,000,000 NOTE: JLL Income Property Trust locked a $49M, five-year mortgage at 5.28% tied to its 1.04M-sq-ft Louisville Logistics Center in Shepherdsville, Ky., a 2022-built warehouse fully leased to a global logistics tenant through 2032.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$49,000,000.00

Monthly NOI$326,666.67
Monthly Debt Service$309,713.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00