Updated Oct 31, 2025
Wideman Group Acquires FedEx-Leased Industrial Complex In Louisville For $36.65M
12900 Plantside Drive
$36,650,000
$117/SF
Building Size
312,300 SF
Asset Type
Industrial
Closing
Oct 30, 2025
About this deal
AI
The property involved in this sale is a 312,300-square-foot industrial complex located at 12900 Plantside Drive in Louisville, Kentucky. The sale price was $36.65 million, calculated at approximately $117.36 per square foot. This asset is currently leased by FedEx and is situated on a 46-acre site.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,650,000
- Square Footage: 312,300
- Address: 12900 Plantside Drive
- Market: Louisville, KY
- Buyer: Wideman Group
- Seller: JW Mitchell Company
The deal saw the Wideman Group acquiring the property from an affiliate of JW Mitchell Company, which had previously purchased the complex for $47.9 million in 2019. The transaction reflects the continued interest in industrial assets within the Louisville market.
Players
Louisville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93