Bunsen Distribution Center Offering On RealCrowd Is Targeting A 14.75% IRR

The real estate investment platform RealCrowd has launched a new offering for an industrial property in Louisville, Kentucky.

The Bunsen Distribution Center is a fully-leased, cash-flowing distribution center that sits in Bluegrass Industrial Park in Louisville. The 184,925 SF building sat unoccupied in 2021 when the property was purchased for $14,850,000. Since the purchase, the new owners, Poe Companies, have divided the space into three sections to lease two additional tenants. Investors are expected to receive quarterly distributions beginning in January 2023.

Bunsen Distribution Center sits on 9.87 acres and includes 6,463 SF of office space, 100 parking spaces, 31 dock doors, four drive-in doors with 16’ to 25’ ...

Full story available on Benzinga.com

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