Ladd Avenue Two Pack

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, is pleased to present the opportunity to acquire the fee simple interest in the Ladd Ave Two-Pack (the “Properties,” “Offering” or “Package”), a package of two 32,300 SF industrial buildings totaling 64,600 SF in Louisville, KY. Built in 2024, these buildings have been designed with high-quality specifications including 800 amps of power, 24’ clear height, ESFR sprinklers, LED lighting, and ample dock high and grade-level loading. Currently 100% leased to three tenants, the Offering delivers stable cash flow from a diverse tenant roster with a 5.4-year weighted average lease term (WALT) and accretive contractual rent escalations averaging 3.48%.

Strategically positioned just off Louisville’s inner beltway (I-264), the Package provides immediate access to metro Louisville and surrounding suburbs, presenting its occupiers both local connectivity to a population of more than 1.3 million within 30 miles and regional connectivity through I-65 and Louisville International Airport. Within a 10-mile radius, 30% of the more than 200,000 workers are designated “blue-collar,” attracting industrial users to a deep surrounding skilled labor shed. With suite sizes between 16,150 and 32,300 SF, the Ladd Ave Two-Pack presents a unique opportunity to acquire high-quality shallow-bay product catering to a wide range of industrial uses, with macro sector fundamentals leading to potential outsized returns born of a limited supply pipeline and persistent demand.