Two-Building Manufacturing
11301 & 11401 Electron Drive, Louisville, KY 40299
For Sale
$16,025,000
The occupied industrial property combines production and distribution functions with paint and powder-coating capabilities.
Property Size154,654 SF
Price / SF$103.62
Days on Market48
Property Features for 11301 & 11401 Electron Drive
General Information
Standard status
Size
Property subtype
Occupancy
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Additional Details
Asking Price
Building Details
Building Size
Buildings
Listing Agency:
Lee & Associates | Cincinnati
Listed By:
John Rickert, CCIM · License OH BRKP.2002022025
(513) 272-6800
Source:
Lee-associates
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 10 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Cincinnati
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Investment Insights
Based on property information with market context.
This 154,654-square-foot manufacturing campus consists of two connected buildings at 11301 and 11401 Electron Drive. Production areas are gas heated, with 240/480V electrical service, a 5-ton crane, and paint and powder-coating capabilities. Recent work includes improvements to the offices, parking, roof, LED lighting, and exhaust systems. The buildings provide a mix of dock and drive-in doors, with 22-foot clear heights.
The campus is in Louisville’s Bluegrass industrial submarket. It is fully leased and occupied, with the lease term running through 2037.
The campus is in Louisville’s Bluegrass industrial submarket. It is fully leased and occupied, with the lease term running through 2037.
Key Highlights
- 154,654 SF across two integrated manufacturing buildings
- 100% leased and occupied; lease term through 2037
- 11301 Electron Drive: six dock doors and one drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$752,217
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,044,340
$15.0M
Cap Rate 7%
$10,745,957
$10.7M
Cap Rate 9%
$8,357,967
$8.4M
Market Conditions
NOI Build-Up for 154,654 SF
Gross rent
$946.5K $6.12/SF
− Vacancy
−$61.5K −$0.40/SF
EGI
$885.0K $5.72/SF
− OpEx
−$132.7K −$0.86/SF
NOI
$752.2K $4.86/SF
Area
ZIP 40299
Vacancy
6.50%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,044,340
Cap Rate 7%
$10,745,957
Cap Rate 9%
$8,357,967
Alternative Uses
Best Use
Warehouse
$10.75M
$9.40M – $12.54M
NOI $752,217 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$9.08M
$7.94M – $10.59M
NOI $635,374 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$37.86M
$33.13M – $44.17M
NOI $2,650,151 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22 ft
Clear height
8
Dock-high doors
6
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 40299, KY
43,030
Population
17,567
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
54.0 sq mi
ZIP Area
797
Density / Sq Mi
$85,419
Median Household Income
$50,427
Median Earnings
$1,290
Median Rent
$274,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Louisville, KY
Frequently Asked Questions
What type of property is this?
Manufacturing property - The occupied industrial property combines production and distribution functions with paint and powder-coating capabilities.
Where is this manufacturing property located?
The property is located at 11301 & 11401 Electron Drive Louisville, KY.
What is the asking price?
The asking price for this property is $16,025,000.
What are key features of this property?
This property features: 154,654 SF across two integrated manufacturing buildings; 100% leased and occupied; lease term through 2037; 11301 Electron Drive: six dock doors and one drive‑in door
