Marcus & Millichap Brokers $5M Sale Of Retail Property In Louisville, KY
165 Outer Loop, Louisville, Kentucky 40214, United States
$5,000,000
$111/SF
Building Size
44,800 SF
Asset Type
Retail
Closing
Jun 26, 2022
AI
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.
Players
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93