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1315 Herr Lane

Hackney Real Estate Partners Acquires Westport Village Retail Center In Louisville For $39M
SOLDRetail

Hackney Real Estate Partners Acquires Westport Village Retail Center In Louisville For $39M

1315 Herr Lane

$39,000,000

$229/SF

Building Size

170,249 SF

Asset Type

Retail

Closing

Sep 10, 2025

AI

The property asset involved in this transaction is a retail space located at 1315 Herr Lane, Louisville, KY. The sale was completed on September 10, 2025, for a total transaction amount of $39,000,000. The asset encompasses 13.4 acres and has a total square footage of 170,249, making the price per square foot approximately $229.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $39,000,000
  • Address: 1315 Herr Lane
  • Market: Louisville, KY
  • Acres: 13.4
  • Square Footage: 170,249
  • Price Per Square Foot: $229
  • Buyer: Hackney Real Estate Partners
  • Seller: Wicker Park Capital Management LLC
  • Represented By: David Webb, Alex McDonald & Alex Quarier - Berkeley Capital Advisors

Hackney Real Estate Partners acquired the shopping center from Wicker Park Capital Management LLC, and the transaction was facilitated by Berkeley Capital Advisors, who represented the seller throughout the deal.

Players

Alex McDonald

Berkeley Capital Advisors

Broker

$109M

vol

3 deals

Broker
Berkeley Capital Advisors
Berkeley Capital AdvisorsBrokerage

Louisville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93