Crossdock Development’s newest building is a 572,000 SF Class A facility that is under construction for Sale or Lease in Louisville, KY MSA. This facility is 20 minutes from UPS Worldport and is scheduled to be rack ready April 2022.
We will have 3 additional buildings with delivery starting end of Q3 2022. Sizes range from 218,140 SF to 800,000 SF. Our total buildings for sale or lease in the Louisville MSA are just over 2 million SF, with more on the way. These buildings are being offered on a presale basis, so that purchasers can lock in pricing now, and avoid the cap rate competition of a fully stabilized building. Recent comps have sold for between $113 and $130 per SF.
In addition to distribution, Louisville is home to a significant number of food, pharma, and auto parts facilities. Louisville’s significant market benefits are outlined CBRE December 8, 2021 Report – Supply Chain Disruptions Create New Opportunities for Industrial and Logistics Real Estate
Louisville International Airport is the world’s fourth busiest air cargo hub and is home to UPS Worldport, the largest package-handling facility in the world. Nearly 30 million people live within 250 miles of the market and there are five major auto assembly plants within 120 miles that create significant demand for light-manufacturing and assembly space. Louisville serves a large population base as a major transportation hub that is close to a growing manufacturing industry. These attributes will drive demand from companies looking for supply-source protection next year.