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Cobalt Marketplace 445 E Market St 37,552 SF 100% Leased Office Building Louisville, KY 40202 $7,677,560 CAD ($204.45 CAD/SF) 7.60% Cap Rate



INVESTMENT HIGHLIGHTS
- Notable address in Louisville’s East Market District
- 100% leased
- Historic office building with first floor retail space
EXECUTIVE SUMMARY
Cushman & Wakefield | Commercial Kentucky is pleased to offer a rare investment opportunity for sale in Louisville’s East Market District. The Cobalt Marketplace, located at 445 East Market Street in Louisville, Kentucky, is a 41,976 square foot historic building that showcases timeless architectural charm within a prominent location in Downtown Louisville. The building possesses distinguished office spaces and desirable food and beverage retail space located on the first floor along Market Street. Located between Main and Market Streets, the building benefits from excellent visibility and accessibility, making it a key property for economic activity and urban vitality in the East Market District. Additionally, the property includes private onsite parking, a rare amenity for urban office buildings in Downtown Louisville.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
37,552 SF
Building Class
C
Year Built/Renovated
1889/2019
Price
$7,677,560 CAD
Price Per SF
$204.45 CAD
Cap Rate
7.60%
NOI
$583,495 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,517 SF
Building FAR
0.78
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
C-3 - Commercial
Parking
50 Spaces (1.33 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 017C01010000 | Improvements Assessment | $3,880,273 CAD |
| Land Assessment | $1,826,011 CAD | Total Assessment | $5,706,284 CAD |
PROPERTY TAXES
Parcel Number
017C01010000
Land Assessment
$1,826,011 CAD
Improvements Assessment
$3,880,273 CAD
Total Assessment
$5,706,284 CAD
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Cobalt Marketplace | 445 E Market St
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