$77.5 Million Non-Performing Office Loan
US - Washington, DC
THB 2,641,523,000 | 28,508 m²
Office
Under Contract
401 South 4th Street
401 S 4th St, Louisville, KY, 40202-3426, US
Gallery
Asset Description
Jones Lang LaSalle (“JLL”), as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 401 South Fourth Street (the “Property” or “Opportunity”), a 26-story Class A office tower located at the gateway to Louisville’s famous 4th Street Live! mixed-use entertainment district. Built in 1982 and having multiple renovations, the 346,213 rentable square foot (RSF) Property is an iconic mainstay on the Louisville skyline.
401 South Fourth Street provides appealing in-place cash flow from an investment grade anchor, Fifth Third Bank, while offering value-add upside in lease up of the remaining vacancy.
Kentucky License
Doug Owen
Senior Vice President
1 (502) 394 2516
doug.owen@jll.com
KY License #198490
Attributes
Building area Net
30,286 m²
Occupancy
100.00%
Year built
1982
Land area net
0.02 km² (19,263 m²)
NOI
THB 33,607,000
Investment Highlights
- The Epicenter of Louisville
- Access to Transportation
- Ideal Combination of Cash Flow Security with Material Embedded Upside
- Building Amenities and Efficient Floorplates
- Resurgence of Downtown Louisville
- Vibrant Louisville Economy
- Tremendous Discount to Replacement Costs
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Last updated
9 Mar 2023