Iron Holdings Real Estate LLC Purchases Former Chase Bank Property In Louisville For $2.25M

The property asset involved in this transaction is a retail site located at 3820 Brownsboro Road in Louisville, KY. The sale was finalized for $2,250,000, with the property encompassing an area of 2,768 square feet, resulting in a price per square foot of $813. This site was previously owned by JPMorgan Chase & Co since 1977 and is considered a prime redevelopment opportunity in a high-traffic East End location.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,250,000
• Address: 3820 Brownsboro Road
• Market: Louisville, KY
• Square Footage: 2,768
• Price Per Square Foot: $813
• Buyer: Iron Holdings Real Estate LLC
• Seller: JPMorgan Chase & Co
• Brokers: Fred Sutterlin & Taylor Thompson - PRG Commercial Property Advisors

The transaction was facilitated by brokers Fred Sutterlin and Taylor Thompson from PRG Commercial Property Advisors, representing the buyer, Iron Holdings Real Estate LLC. The completion of the sale marks a significant acquisition for Iron Holdings, as they look to develop the site further.