Salvation Army Acquires Office Building In Louisville, KY For $7.5M
2110 High Wickham Place Louisville, Kentucky 40245, USA
$7,500,000
$213/SF
Building Size
35,092 SF
Asset Type
Office
Closing
Jul 21, 2023
AI
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
Louisville Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93