JLL Income Property Trust Acquires Industrial Asset In Louisville, KY For $39.5M
Louisville, Kentucky, United States
$39,500,000
$120/SF
Building Size
327,000 SF
Asset Type
Industrial
Closing
Jan 10, 2022
AI
JLL Income Property Trust, represented by Allan Swaringen, has purchased an industrial property in Louisville, KY. The property spans 327,000 square feet and was sold for a total of $39,500,000, resulting in a price per square foot of $120.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $39,500,000
- Square Footage: 327,000
- Price per Square Foot: $120
- Market: Louisville, KY
- Buyer: JLL Income Property Trust - Allan Swaringen
JLL Income Property Trust, led by Allan Swaringen, completed the acquisition of the industrial property in Louisville, KY. This transaction showcases the company's continued investment in the industrial sector and highlights their confidence in 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93