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Louisville, Kentucky, Unite...

JLL Income Property Trust Acquires Industrial Asset In Louisville, KY For $39.5M
SOLDIndustrial

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

Allan Swaringen

JLL

Buyer

$934.9M

vol

14 deals

Buyer

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