Iconic Downtown Louisville Office Tower Loan Sale
Best Business Address – The collateral for this loan is the top business address in Louisville and has, and will always attract the highest quality, image conscious tenancies in the market. In fact, current tenants include law firms, financial companies, technology companies and consulting firms.
Economics – High Quality Iconic assets like this rarely become available and, even so, not at the compelling economics potentially available in downtown Louisville. This is considered a generational opportunity particularly given the few iconic Office Towers that are currently available nationwide.
Amenities – The Building amenities include a state-of-the-art conference center, a tenant lounge with television and games as well as a full-service fitness center (with a climbing wall). In addition, there is a wide range of available eateries and fitness options within a 5-minute walk.
In Place Cash Flow – The Property generates significant income with almost $7.1 million of Net Operating Income in 2018.
Newmark Knight Frank (“NKF”) in conjunction with RealINSIGHT Marketplace is exclusively presenting for sale an iconic downtown Louisville, Kentucky Office Tower Loan (the “Loan”). The $103 million loan is secured by an approximate 633,650 square foot, 35-story office tower that was originally built in 1993 and renovated in 2017. The collateral is approximately 80.8% leased to 16 Tenants. This building is the most prestigious business address downtown and features a ‘Who’s-Who” of law and consulting firms as well as financial and technology companies.
Louisville, Kentucky boasts a dynamic downtown environment fueled by such burgeoning industries as medical and healthcare as well as shipping and logistics. This 35-story office tower is distinctively prominent downtown (featuring a Romanesque dome at the top of the building) and is located in the midst of a plethora of amenities (restaurants, health clubs etc.). This compelling investment allows a well-capitalized investor to purchase an iconic asset at compelling economics.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.