Blankenbaker Station Portfolio _Property for Sale
Blankenbaker Station Portfolio _Property for Sale

Blankenbaker Station Portfolio

Louisville, KY, US, Americas

Description

Jones Lang LaSalle ("JLL"), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in the Blankenbaker Station Portfolio (the "Properties", the "Portfolio", or the "Offering"), two Class A distribution facilities totaling 390,000 square feet located in Louisville, KY. Both assets feature 32' clear height, fully circulating truck courts with ample loading capacity, and Class A office finish. The Portfolio is 100% leased to two tenants, Amazon and Packsize International, who are deeply entrenched in their respective facilities and the Louisville market as a whole. Building I represents Packsize's "Innovation Center", which houses a variety of the company's major business functions including the manufacturing of right-sized packaging machines, refurbishment, R&D, and more. Amazon opened Louisville's first sub-same-day distribution center from Building II (SKY2), one of only ~50 similar facilities in North America, serving the greater Louisville market. The investmentgrade credit backed tenant plans to add its grocery and pharmacy services into the facility as well, which will include a licensed pharmacy area and temperature-controlled space.


Positioned in the East submarket of Louisville, the Portfolio benefits from a central location with access to highway, air, and rail transportation infrastructure. Additionally, the East submarket is proximate to Louisville's more affluent residential neighborhoods, providing exposure to the market's skilled labor pool and ideal for Amazon's distribution operations. Louisville has emerged as a top-tier Midwest industrial market that consistently posts sub-5% vacancy rates and is insulated from over supply due to a lack of available land and topographical challenges, increasing the market's barriers to entry. The Blankenbaker Station Portfolio offers investors high quality, stabilized Class A product in the tight Louisville industrial market.

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Attributes

Number of buildings
2
Building area gross
36,232 m²
Occupancy
100%
Year built
2024
WALT
8.5 years
Annual Escalation
3.6%
Blankenbaker Station Portfolio (2 Properties)
Blankenbaker Station Portfolio (2 Properties)

Media

Investment Highlights

  1. Stabilized Rent Roll With Annual Income Growth And Deeply Entrenched Tenancy
  2. Packsize International - Innovation Center
  3. Amazon - Sub-Same-Day Delivery Station
  4. Class A Industrial Product With Modern Logistics Features
  5. Supply Constrained, Business Park Setting With Limited Class A Competition
Blankenbaker Station Portfolio  4_Property for Sale
Blankenbaker Station Portfolio  4_Property for Sale

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Last updated
7 Oct 2025