Portfolio of properties for Sale - South Central
The Absolute Net-Lease Portfolio consists of two (2) industrial properties leased to Precision Metal Works on absolute net leases, with 17 years remaining.
Precision Metal Works occupies two Kentucky manufacturing facilities totaling 230,793 square feet. Each property is positioned within an established industrial corridor with deep institutional inventory and sustained occupier demand. Portfolio rents average 20% below prevailing market rates across markets with deep institutional inventory and tight vacancy, providing durable downside insulation across the weighted lease term.
The 156,933-square-foot Louisville property at 4701 Allmond Avenue is adjacent to Louisville Muhammad Ali International Airport and in close proximity to the UPS Worldport global air hub.
156,933 SF Building
8.41 AC Land Area
10 Dock Doors and 1 Drive-In Doors
New Section Built in 1996 with 29' Clear
Adjacent to Louisville International Airport and UPS Worldport Air Hub
The 73,860-square-foot Frankfort facility at 111 Commerce Boulevard is located in Kentucky’s capital city with immediate access to Interstate 64 and major regional highways.
73,860 SF Building, Built in 1988 / 1997
7.43 AC Land Area
2 Dock Doors and 4 Drive-In Doors
30' Avg. Clear [Up to 36' Clear]
Located in Frankfort, KY — the Capital of Kentucky
Both buildings are 100% leased to Precision Metal Works, part of Live Ventures Steel Manufacturing Portfolio of Companies. Precision Metal Works offers world-class Metal forming, Assembly and Finishing for a wide variety of industries including, Automotive, Appliance, Hardware, Electrical, Electronic and Medical. Other manufacturing processes include stamping, welding, machining, and quality testing. Some of their customers include Ford, GM, GE & Whirlpool.
The Louisville Facility is located right next to Appliance Park, a 1,000 AC engineering campus that serves as GE Appliances global headquarters. Over 10,000 people are employed in the campus. The City of Louisville has a participation agreement with GE Appliances and the Metro City Council has also approved incentives to the campus to facilitate a long, positive relationship between GE Appliances & the City of Louisville.
