Marcus & Millichap Brokers $5M Sale Of Retail Property In Louisville, KY
SOLD
$5,000,000
Kentucky
See Similar DealsRetail44,800 SF
Sold 06/27/2022
SOLD
Marcus & Millichap Brokers $5M Sale Of Retail Property In Louisville, KY
165 Outer Loop, Louisville, Kentucky 40214, United States
See Similar DealsRetail44,800 SF
Sold 06/27/2022
Summary
KENTUCKY
Asset Type:Retail
Price Per Square Foot:$111
Total Square Footage:44,800 SF
Transaction Type:Sale
A retail property located at 161-165 Outer Loop in Louisville, KY has been recently sold. The property spans approximately 44,800 square feet and was sold for a total of $5,000,000, resulting in a price per square foot of $112.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
- Market: Louisville, KY
The sale of this retail property was facilitated by Marcus & Millichap, with the brokers Phil Kates and Adam Sklaver representing the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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