E X E C U T I V E S U M M A R Y

COBALT

The Cobalt District is a package of 4

individual assets that are grouped in 2

square blocks in Downtown Louisville

and represent 70,000 square feet of

prime real estate.

This package is positioned in premiere

locations along Main and Market

Streets in the City of Louisville that is

experiencing a tremendous amount of

growth. The location and size of the

assets will allow an investor to

capitalize on these strong market

trends and provide upside potential on

the continued desirability of these

locations and assets.

TOTAL SQUARE FEET

ADDRESSES

69,657

MARKET

309 East Market Street

301 East Main Street

301 East Market Street

445 East Market Street

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E X E C U T I V E S U M M A R Y - C O N T I N U E D

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DISTRICTCOBALT

E X E C U T I V E S U M M A R Y - C O N T I N U E D

Cobalt District represents a unique

opportunity to acquire a one of a kind

portfolio of properties in the hottest

part of the Downtown Louisville

submarket at well below replacement

cost. The full package allows the

investor to capitalize on significant

economies of scale and trending

market fundamentals.

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Building Square Feet

Current

Occupancy %

In-Place Average

Rents Stabilized NOI

Cobalt Marketplace 36,529 92% 19.54$ 438,089$

301 E. Main 19,767 90% 18.51$ 217,895$

Vintage Place 7,372 27% 22.00$ 101,032$

Cobalt Retail 5,989 78% 24.00$ 101,666$

Total Package 69,657 83% 19.67$ 858,682$

Building Acreage Land Value Replacement Cost

Total Replacement

Value

Cobalt Marketplace 0.7380 2,214,000$ 8,219,025$ 10,433,025$

301 E. Main 0.3008 902,400$ 4,447,575$ 5,349,975$

Vintage Place 0.1796 538,800$ 1,658,700$ 2,197,500$

Cobalt Retail 0.0000 -$ 1,347,525$ 1,347,525$

Total Package 1.2184 3,655,200$ 15,672,825$ 19,328,025$

Tenant Square Feet

Indigo Classic Cars 2,059 Corporate Management Office

AAA 2,167 Member Service Organization

Private Cloud 13,470 Cloud Storage Solution Services

Bourbon VIP 1,050 Bourbon Event Planning

Sun Tan City 6,409 Corporate Offices - Louisville's largest Tanning Solution Company

Cobalt Ventures 4,538 Corporate Offices

Leukemia Society 3,832 Non-Profit Agency

Kevin Crooks 2,534 Louisville Personal Injury Attorney

Brooksource 5,183 IT Staffing Agency

Brockman, Arbucke, Stapp 2,703 Local Tax, Accounting and Advisory Services Firm

Tenant Square Feet

Wild Rita's 3,998 Modern Mexican & Tequila Bar

Jimmy Johns 2,000 Gourmet Sandwich Shop

Wild Eggs 4,689 Breakfast, Brunch & Lunch Restaurant

Metro Dental 3,493 Local Dental Office

Retail Tenants

Description

Replacement Cost

Income Analysis

Office Tenants

Description

COBALTDISTRICT

Since the KFC Yum! Center opened in

Downtown Louisville in October of

2010, the urban core has been on a

considerable growth trajectory. Over

the last 5 years Louisville welcomed

more than 2,500 hotel rooms, 4

bourbon distilleries, the first downtown

food market, a USL Soccer League Team

and numerous restaurant and shops

which have all further solidified the

revitalization of the downtown market.

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L O C AT I O N S U M M A R Y

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The Louisville hotel boom went into

overdrive with the opening of the

Omni Hotel in March 2018 and has

delivered the most state-of-the-art

cosmopolitan hotel the

Commonwealth has ever seen. A

$200,000,000 renovation to the

Kentucky International Convention

Center will be complete in 2018 and

a new 10,000 seat Soccer Stadium

will be complete by 2020. Downtown

Louisville is growing in ways never

seen before, and Cobalt District falls

right in the heart of all of the action.

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HOTELSDINING SHOPPING ACTIVITIES

Against the Grain

Akasha Brewing Company

Decca

Doc Crow’s

Feast BBQ

Garage Bar

Grind Burger Kitchen

Harvest

Mayan Café

Merle’s Whiskey Kitchen

Please & Thank You

Royals Hot Chicken

Rye on Market

Side Bar

Toast on Market

Wiltshire on Market

Bourbon Barrell Foods

Butchertown Market

Cellar Door Chocolates

Falls City Market (Omni Hotel)

Gifthorse

Hadley Pottery

Joe Ley Antiques

Mahonia

Moss Hill

Muth’s Candy Store

Objects of Desire Gallery

Peace of the Earth

Red Tree

Rellek

Revelry

Scout

21c Museum Hotel

Aloft Hotel

Brown Hotel

Courtyard by Marriott Downtown

Embassy Suites Downtown

Fairfield Inn & Suites Downtown

Galt House Hotel & Suites

Hampton Inn Downtown

Hilton Garden Inn Downtown

Holiday Inn Express

Hyatt Regency Louisville

Marriott Louisville Downtown

Omni Hotel

Residence Inn by Marriott

Seelbach Hilton

Springhill Suites

Actors Theatre of Louisville

Angel's Envy Distillery

Belle of Louisville

Brown Theatre

Copper & Kings Distillery

Evan Williams Bourbon Experience

Flame Run

Fourth Street Live!

Frazier History Museum

Goodwood Brewery

Jim Beam Urban Stillhouse

Kentucky Center for the Performing Arts

Kentucky Science Center

KFC Yum! Center

Louisville Palace

Louisville Slugger Field

Louisville Slugger Museum & Factory

Mercury Ballroom

Michter’s Distillery

Muhammad Ali Center

Old 502 Winery/Falls City Brewery

Old Forester Distillery

AREA AMEN I T I ES

L O C AT I O N S U M M A R Y - C O N T I N U E D

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COBALTMARKET

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