Daily limit: 0/10
Salvation Army Acquires Office Building In Louisville, KY For $7.5M
SOLD
$7,500,000
Kentucky
See Similar DealsOffice35,092 SF
Sold 07/21/2023
SOLD
Salvation Army Acquires Office Building In Louisville, KY For $7.5M
2110 High Wickham Place Louisville, Kentucky 40245, USA
See Similar DealsOffice35,092 SF
Sold 07/21/2023
Summary
KENTUCKY
Asset Type:Office
Price Per Square Foot:$213
Total Square Footage:35,092 SF
Transaction Type:Sale
The Salvation Army's Kentucky and Tennessee Division has purchased a 35,092-square-foot office building at 2110 High Wickham Place in Louisville, KY. The property was sold by AGRI Group LLC for $7.5 million, with an average price per square foot of $214.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,500,000
- Buyer: Salvation Army - Eric Short
- Seller: AGRI Group LLC
- Address: 2110 High Wickham Place, Louisville, KY
- Market: Louisville, KY
- SF: 35,092
- PPSF: $214
The Salvation Army's Kentucky and Tennessee Division is relocating its headquarters from Downtown Louisville to the East End with this purchase. The move involves acquiring the 35,092-square-foot office building at 2110 High Wickham Place for $7.5 million.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
Is there something missing? Send suggestions