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Flex Space with Warehouse
For Lease
$11 SF/Yr NNN

443 Downes Terrace, Louisville, KY 40214

M2-zoned flex space combines office accommodations with a clear-span warehouse and drive-in access.

Space Size5,000 SF
Days on Market166

Property Features for 443 Downes Terrace

General Information

Standard status Active
Size 5,000 SF
Net Rentable 5,000 SF
Property subtype Industrial
Zoning M2
Lease Type NNN

Space & Availability

Available Space 5,000 SF
Contiguous Space 5,000 SF
Space Use Office
Sublease Yes
Private Offices 3

Lease Terms

Lease Rate $11 /USD/SF/YR
Monthly Rent $4,583
Rent per SF/Year $11

Site & Location

Highway Access Yes
Utilities to Site Yes

Warehouse & Industrial

Clear Span Yes
Warehouse Space 4,000 SF
Office Build-Out 1,000 SF
Drive-In Doors 2
Three-Phase Power Yes

Spaces For Lease

at 443 Downes Terrace Contact us

Available Space $11/Mo

Contact us
Listing Agency: CBRE Inc.
Listed By: Alex Grove
Source: Kcrea.resimplifi
Added: Mar 17 Changed: Aug 28 Last Checked: Aug 29 at 5:48AM

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 CBRE Inc.

Investment Insights

Based on property information with market context.

This flex-space sublease offers approximately 5,000± SF, including 1,000± SF of office area with three offices and two restrooms. The balance consists of a 4,000± SF clear-span warehouse with two drive-in doors measuring 14’ X 12’. LED lighting and 3-Phase power support the facility’s industrial configuration.

The property is located at 443 Downes Terrace in Louisville, with close proximity to I-264, I-65, UPS, Ford LAP, and Louisville International Airport. The master lease runs through December 1, 2028, and the sublease is structured as NNN.

Key Highlights

  • Approximately 5,000± SF available for sublease
  • 1,000± SF office area with 3 offices and 2 restrooms
  • 4,000± SF clear‑span warehouse

Property Analytics

Current Use

Eagle Instrument Services Production Facility

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Drive-in doors
Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

343
Businesses Nearby
Under-served
Demand for This Use

Demographics for 40214, KY

46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
Median Home Value

Market

Lease Benchmarks for Louisville, KY

$10.94 /SF/Yr
Avg Asking Price
$10.38–$11.5 /SF/Yr
Price Range
30,623 SF
Avg Space Size

This space is priced 1% above the average of $10.94 /SF/Yr.

Vacancy Rate% for Office in Louisville, KY

12.4% 2019
14.8% 2020
14.3% 2021
15.4% 2022
16.3% 2023
15.7% 2024
18.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - M2-zoned flex space combines office accommodations with a clear-span warehouse and drive-in access.
Where is this flex space located?
The property is located at 443 Downes Terrace Louisville, KY.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: Approximately 5,000± SF available for sublease; 1,000± SF office area with 3 offices and 2 restrooms; 4,000± SF clear‑span warehouse
More about this property
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