JLL Income Property Trust Acquires Industrial Asset In Louisville, KY For $39.5M
SOLD
$39,500,000
Kentucky
See Similar DealsIndustrial327,000 SF
Sold 01/11/2022
SOLD
JLL Income Property Trust Acquires Industrial Asset In Louisville, KY For $39.5M
Louisville, Kentucky, United States
See Similar DealsIndustrial327,000 SF
Sold 01/11/2022
Summary
KENTUCKY
Asset Type:Industrial
Price Per Square Foot:$120
Total Square Footage:327,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$140,335.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$187,250.15
Annual Debt Service$2,247,001.82
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