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2110 High Wickham Place Lou...

Salvation Army Acquires Office Building In Louisville, KY For $7.5M
SOLDOffice

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

SA
Salvation ArmyBuyer

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