Updated Sep 24, 2026
Lincoln Property Company Acquires 377,529 Square Foot Industrial Park In Lebanon Tennessee
25 Genesco Parkway
Building Size
377,529 SF
Asset Type
Industrial
Closing
Sep 24, 2026
About this deal
AI
Lincoln Property Company acquired an industrial asset located at 25 Genesco Parkway in Lebanon, TN. The property consists of a total of 377,529 square feet on a 32.8-acre site. Designed for multi-tenant distribution, the complex comprises four buildings and was fully leased at the time of the transaction. The development was completed in 2022 and is situated approximately 30 miles east of Nashville.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Transaction Date: 09/24/2026
- Buyer: Gary Kobus, Tyler Jones, Jacob Emery & Lane Baker - Lincoln Property Company
- Seller: Not disclosed
- Market: Lebanon, TN
- Acres: 32.8
- Square Footage: 377,529
The transaction involved key individuals from Lincoln Property Company, with Gary Kobus, Tyler Jones, Jacob Emery, and Lane Baker representing the buyer. The seller's identity and the purchase price remain undisclosed, highlighting the confidentiality often associated with such transactions.
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Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93