Bon Air and Del Rio present investors with a compelling value-add opportunity in one of Louisville’s most stable and growing submarkets. Both properties remain largely in their original condition aside from limited turnover updates, allowing new ownership to unlock significant upside through interior modernization and amenity upgrades. Renovations such as updated cabinetry, contemporary flooring, resurfaced countertops, upgraded lighting, and energy-efficient appliances can meaningfully elevate rental income and resident appeal. Additionally, the offering includes a single-family home adjacent to Del Rio—leased for $1,220 per month—providing immediate ancillary income and operational flexibility.
Under the same family ownership since original construction, Bon Air and Del Rio have been professionally managed by third-party operators and are positioned for a seamless transition. The properties benefit from proximity to Louisville’s largest employment hubs, including UPS Worldport (24,000 jobs) and Ford’s Louisville Assembly Plant, which recently received a $2 billion investment. Nearby Jeffersontown—home to the 1,800-acre Bluegrass Commerce Park with nearly 38,000 workers—further bolsters consistent tenant demand. Additional growth catalysts such as GE Appliances’ $490 million expansion, the new 1,000-job Norton Children’s campus, and the $400 million renovation of Louisville International Airport reinforce the city’s long-term economic vitality.
Louisville continues to distinguish itself as one of the Midwest’s most dynamic economies, attracting billions in investment and thousands of new jobs across logistics, manufacturing, and healthcare. Bon Air and Del Rio’s strategic location—less than 15 minutes from major employers, airports, and premier retail destinations like Mall St. Matthews and Oxmoor Center—positions the assets to capture both current demand and future rent growth. Backed by a diversified employment base and ongoing regional expansion, this offering provides investors an opportunity to acquire well-located, generationally owned assets with substantial operational and value-enhancement potential.
VALUE-ADD OPPORTUNITY: Bon Air and Del Rio offer new ownership a compelling value-add strategy, as both properties remain largely in their original condition aside from limited turnover updates. Significant upside exists through the modernization and
standardization of interiors, including the installation of new or resurfaced countertops, modern cabinetry, lighting, contemporary flooring, upgraded bathrooms, and energy-efficient appliances.
GENERATIONAL OWNERSHIP: The properties have remained under the same family ownership (besides the residential home) since original construction and are professionally managed by a third-party management company.
ANCILLARY INCOME OPPORTUNITIES: Various potential other income opportunities available.
SINGLE FAMILY HOUSE: Included in the offering is a 936 SF, 2 bed / 1 bath singlefamily home located directly beside Del Rio that was acquired by the current owners. The home has been leased to the same tenant since June 2023 at $1,220/month.
15 MINUTES TO UPS WORLDPORT: 24,000 JOBS: Bon Air & Del Rio are less than 15 minutes from UPS Worldport, the company’s global air freight hub and the largest fully automated package handling facility in the world. Worldport employs 24,000 people
in Louisville, serving as a cornerstone of the city’s economy and a powerful driver of housing demand in the surrounding area.
NEARBY JEFFERSONTOWN DEMAND DRIVERS: Less than 15 minutes from Bon Air & Del Rio, Jeffersontown provides tenants access to a “city within a city”.
• The 1,800-acre Bluegrass Commerce Park is the largest diversified employment center
in Kentucky. It is home to hundreds of businesses that employ nearly 38,000 workers.
• National and international companies with headquarters in Jeffersontown include Papa John’s International, Air Hydro Power, Appriss, Kentuckiana Curb Co., Kern’s Kitchen, Liquor Barn, Louisville Bedding, Signature HealthCARE and Universal Woods, among others.
$2 BILLION FORD INVESTMENT: Ford, located less than 15 minutes from the assets, recently announced a $2 billion investment into its Louisville Assembly Plant, further solidifying Louisville’s position as a cornerstone of Ford’s U.S. manufacturing operations. The company is the city’s largest manufacturing employer, with more than 12,500 local employees, and has invested over $7 billion in Louisville to date. This continued commitment underscores the region’s long-term economic stability and strength as an employment hub.
1,000-JOB BOOST FROM NEW NORTON CHILDREN’S CAMPUS: Norton Children’s is developing a new pediatric care campus less than 15 minutes from the assets—including a second dedicated children’s hospital—that will create 1,000 new jobs.
$490 MILLION GE APPLIANCES EXPANSION: GE Appliances is investing $490 million into its Louisville Appliance Park—located less than 12 minutes from Bon Air & Del Rio—bringing approximately 800 new full-time jobs to the area. This initiative is part of a broader $3 billion U.S. investment, further reinforcing Louisville’s role as a national hub for advanced manufacturing and employment growth.
LOUISVILLE INTERNATIONAL AIRPORT $400 MILLION RENOVATION: Louisville Muhammad Ali International Airport is undergoing a transformative $400 million SDF Next renovation, featuring new TSA checkpoints, advanced security technology,
a modernized baggage claim system, upgraded rental car facilities, and a new parking garage. The multi-phase project is on schedule for completion in late 2026.
PROXIMITY TO MAJOR RETAIL: Bon Air & Del Rio is less than 10 minutes from Louisville’s premier retail and dining corridor, anchored by Mall St. Matthews and Oxmoor Center. Oxmoor Center recently completed a 30,000 SF renovation that introduced Top Golf as an anchor tenant and attracted notable concepts such as Sandbox VR, Condado Tacos, Shady Ray’s, The Capital Grille, and PuttShack. Together, the two centers feature an impressive tenant roster including Dillard’s, JCPenney, Macy’s, Dave & Buster’s, Dick’s Sporting Goods, Whole Foods, and Trader Joe’s.
MAJOR LOUISVILLE EMPLOYERS: Louisville benefits from a diverse employment base supported by numerous companies with more than 1,000 employees. Leading employers include UPS (24,000 jobs), Norton Healthcare (16,785), UofL Health (14,654),
Ford (12,531), Humana (10,000), GE Appliances (8,400), University of Louisville (7,302), and Amazon (5,700), underscoring the city’s economic stability.
POISED TO CONTINUE ECONOMIC GROWTH: Louisville attracted more than $1 billion in capital investment and 2,300 new jobs in 2023, followed by significant infrastructure upgrades in 2024 across highways, rail systems, and airport facilities. Entering 2025, the region continues its momentum with a pipeline of 60 active projects representing 4,657 new jobs and $3.3 billion in investment. Recognized by Site Selection Magazine as the #1 city for economic development in the Ohio River Corridor, Louisville is
positioned for sustained growth in the years ahead.