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
About this deal
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.
The retail sale at 165 Outer Loop, Louisville, Kentucky 40214, United States in Louisville, Kentucky sold for $5M in 2022. The building is 44,800 square feet, implying about 111 per square foot on the published price. Phil Kates, Adam Sklaver, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Louisville, Kentucky file for the 165 Outer Loop, Louisville, Kentucky 40214, United States retail sold: pricing, party profiles, and other closed retail comps from the same Louisville sit in the Market section below. Filter that Louisville retail set by closing date to see what else sold near 165 Outer Loop, Louisville, Kentucky 40214, United States around 2022. Published consideration for 165 Outer Loop, Louisville, Kentucky 40214, United States is $5M, dated 2022. Cite this Marcus & Millichap Brokers $5M Sale Of Retail Property In Louisville, KY sale when underwriting similar retail product around Louisville, Kentucky.
Players
Louisville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Phil Kates to view all their deals.
Browse Kentucky retail sales on Traded.
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