Marcus & Millichap

Aaron Johnson

Overview



In the first quarter of 2014 Aaron has closed the sale of three Louisville Multifamily properties totaling 572 units.
Aaron holds the record for the highest price ever paid for Louisville apartments in both the Class “A” and Class “C” categories.
In 2012 Aaron closed Vieux Carre Apartment Complex for $22.5 million, setting a record price for 1970's-era construction.
Aaron has consistently closed over 1,000 multifamily units located in Kentucky each year which makes him the highest ranking Kentucky broker in the country.

Louisville
Aaron Johnson

Aaron Johnson

Vice President Investments
Tel: (502) 329-5920
Fax: (502) 329-5910

License:  KY  60872

Member - National Multi Housing Group
Member - Special Asset Services Group

Promoted to Associate in July, 2004
Promoted to Senior Associate in July, 2006
Promoted to Vice President Investments in July, 2010


  • Hawaii Board of Realtors, Broker 1991-1995
  • Crown Castle USA, Property Broker for Ohio, Kentucky, Indiana, and Tennessee, 1995-2002
  • Kentucky Broker, Marcus & Millichap Real Estate Investment Services, 2002-Present

University of Hawaii

National Achievement Award - 2015, 2014, 2008, 2006, 2005
Sales Recognition Award - 2015, 2014, 2013, 2008, 2006, 2005


  • Highest-priced A-class property ever sold in Louisville, KY.
  • Highest-priced C-class property ever sold in Louisville, KY.
  • Highest-priced C-class property ever sold in Lexington, KY.
  • Three-time National Achievement Award winner
  • Seven-Figure Club: 2007
  • Awarded Company Sales Plaque four times

Listed Properties

Transactions Closed

  • Glenmary Village Apartments

    Glenmary Village Apartments

    Multifamily

    Louisville, KY
    Price: $26,700,000
    Size: 318,368 sqft
    Size: 272 units
    Cap Rate: 6.98%

  • Vieux Carre Apartments

    Vieux Carre Apartments

    Multifamily

    Louisville, KY
    Price: $22,500,000
    Size: 344,808 sqft
    Size: 326 units
    Cap Rate: 7.85%

  • ACS / Yum Building

    ACS / Yum Building

    Single-Tenant Office

    Lexington, KY
    Price: $22,400,000
    Size: 178,012 sqft
    Cap Rate: 8.11%

  • Crescent Centre

    Crescent Centre

    Multifamily

    Louisville, KY
    Price: $22,000,000
    Size: 191,073 sqft
    Size: 209 units
    Cap Rate: 4.61%

  • Owensboro Towne Center

    Owensboro Towne Center

    Shopping Regional

    Owensboro, KY
    Price: $19,025,000
    Size: 155,875 sqft
    Cap Rate: -1.89%

  • Derby Estates

    Derby Estates

    Multifamily

    Louisville, KY
    Price: $16,000,000
    Size: 375,800 sqft
    Size: 381 units
    Cap Rate: 7.61%

  • Pegasus Place Apartments

    Pegasus Place Apartments

    Multifamily

    Lexington, KY
    Price: $13,600,000
    Size: 267,600 sqft
    Size: 312 units

  • Campus Core Murray

    Campus Core Murray

    Student Housing

    Murray, KY
    Price: $12,310,279
    Size: 206,290 sqft
    Size: 140 units
    Cap Rate: 7.31%

  • Americana Apartments

    Americana Apartments

    Multifamily

    Louisville, KY
    Price: $12,000,000
    Size: 404,300 sqft
    Size: 622 units
    Cap Rate: 7.67%

  • Heritage Hill Apartments

    Heritage Hill Apartments

    Multifamily

    Louisville, KY
    Price: $10,500,000
    Size: 146,610 sqft
    Size: 163 units
    Cap Rate: 6.79%

  • Pennington Place Apartments

    Pennington Place Apartments

    Multifamily Vacant/User

    Lexington, KY
    Price: $10,487,500
    Size: 409,750 sqft
    Size: 443 units
    Cap Rate: 6.30%

  • IBM Office Center

    IBM Office Center

    Office

    Lexington, KY
    Price: $9,000,000
    Size: 118,095 sqft
    Cap Rate: 8.97%

  • Amazon.com

    Amazon.com

    Single-Tenant Industrial

    Lexington, KY
    Price: $8,600,000
    Cap Rate: 9.94%

  • Woodcrest Manor

    Woodcrest Manor

    Skilled Nursing Facility

    Elsmere, KY
    Price: $8,250,000
    Size: 127 units

  • 7770 Trade Port Drive

    7770 Trade Port Drive

    Office

    Louisville, KY
    Price: $8,000,000
    Cap Rate: 42.75%

  • Cedar Park Apartments

    Cedar Park Apartments

    Multifamily

    Louisville, KY
    Price: $7,950,000
    Size: 251,440 sqft
    Size: 236 units
    Cap Rate: 7.14%

  • Pinehurst Apartments

    Pinehurst Apartments

    Multifamily

    Louisville, KY
    Price: $7,200,000
    Size: 145,568 sqft
    Size: 184 units
    Cap Rate: 8.61%

  • Rangeland Manor

    Rangeland Manor

    Multifamily

    Louisville, KY
    Price: $6,650,000
    Size: 375,800 sqft
    Size: 381 units
    Cap Rate: 9.60%

  • Shelby Crossing

    Shelby Crossing

    Multifamily

    Louisville, KY
    Price: $6,115,000
    Size: 105,400 sqft
    Size: 90 units
    Cap Rate: 7.07%

  • JTown Louisville Multifamily Portfolio

    JTown Louisville Multifamily Portfolio

    Multifamily

    Louisville, KY
    Price: $5,787,282
    Size: 199,462 sqft
    Size: 130 units
    Cap Rate: 7.59%

  • Outer Loop Plaza

    Outer Loop Plaza

    Shopping Community

    Louisville, KY
    Price: $5,700,000
    Size: 120,939 sqft
    Cap Rate: 8.94%

  • Wilderness Trail Manor

    Wilderness Trail Manor

    Multifamily HUD

    Pineville, KY
    Price: $5,512,795
    Size: 74,550 sqft
    Size: 124 units
    Cap Rate: 12.20%

  • Grayson Corners Shopping Center

    Grayson Corners Shopping Center

    Shopping Neighborhood

    Grayson, KY
    Price: $5,500,000
    Size: 101,841 sqft
    Cap Rate: 9.31%

  • Chamberlain Plaza

    Chamberlain Plaza

    Shopping Strip

    Louisville, KY
    Price: $5,375,000
    Size: 29,730 sqft
    Cap Rate: 8.30%

  • El Patio Apartments

    El Patio Apartments

    Multifamily

    Louisville, KY
    Price: $5,300,000
    Size: 110,010 sqft
    Size: 117 units
    Cap Rate: 7.71%

  • Ski Lodge Apartments

    Ski Lodge Apartments

    Multifamily

    Opelika, AL
    Price: $5,200,000
    Size: 144,224 sqft
    Size: 160 units
    Cap Rate: 7.91%

  • The Worthington Apartments

    The Worthington Apartments

    Multifamily

    Louisville, KY
    Price: $4,767,500
    Size: 50,221 sqft
    Size: 66 units
    Cap Rate: 6.55%

  • Bonaventure Place / Pegasus Pointe

    Bonaventure Place / Pegasus Pointe

    Multifamily

    Louisville, KY
    Price: $4,300,000
    Size: 81,812 sqft
    Size: 94 units
    Cap Rate: 9.16%

  • Shane Company

    Shane Company

    Net Leased Miscellaneous

    Louisville, KY
    Price: $4,055,000
    Size: 8,018 sqft
    Cap Rate: 7.40%

  • Forest Oaks Apartments

    Forest Oaks Apartments

    Multifamily

    Lexington, KY
    Price: $4,005,000
    Size: 132,460 sqft
    Size: 154 units
    Cap Rate: 10.25%

  • Lafayette Square Apartments

    Lafayette Square Apartments

    Multifamily

    Jeffersonville, IN
    Price: $4,000,000
    Size: 105,894 sqft
    Size: 162 units
    Cap Rate: 8.62%

  • CVS Pharmacy

    CVS Pharmacy

    Net Leased Drug Store

    Indianapolis, IN
    Price: $3,963,429
    Size: 10,880 sqft
    Cap Rate: 7.00%

  • Kirklevington Hills Apartments

    Kirklevington Hills Apartments

    Multifamily

    Lexington, KY
    Price: $3,800,000
    Size: 124 units
    Cap Rate: 9.08%

  • Plaza Square Apartments

    Plaza Square Apartments

    Multifamily

    New Albany, IN
    Price: $3,800,000
    Size: 107,120 sqft
    Size: 104 units
    Cap Rate: 8.91%

  • The Worthington Apartments

    The Worthington Apartments

    Multifamily

    Louisville, KY
    Price: $3,800,000
    Size: 100 sqft
    Size: 66 units
    Cap Rate: 2.08%

  • Spencerian College

    Spencerian College

    Net Leased Miscellaneous

    Lexington, KY
    Price: $3,750,000
    Size: 100 sqft
    Cap Rate: 0.03%

  • Cross Creek Apartments

    Cross Creek Apartments

    Multifamily

    Lexington, KY
    Price: $3,700,000
    Size: 103,845 sqft
    Size: 144 units
    Cap Rate: 9.47%

  • California Square I

    California Square I

    Multifamily HUD

    Louisville, KY
    Price: $3,689,427
    Size: 60,688 sqft
    Size: 101 units
    Cap Rate: 4.18%

  • Park Chateau Apartments

    Park Chateau Apartments

    Multifamily

    Louisville, KY
    Price: $3,636,000
    Size: 533,385 sqft
    Size: 128 units
    Cap Rate: 8.45%

  • Wildewood Place

    Wildewood Place

    Multifamily Tax Credit

    Florence, KY
    Price: $3,600,000
    Size: 104,928 sqft
    Size: 96 units
    Cap Rate: 9.46%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Shelbyville, KY
    Price: $3,539,452
    Size: 14,564 sqft
    Cap Rate: 7.30%

  • Regency Manor Apartments

    Regency Manor Apartments

    Multifamily

    Lexington, KY
    Price: $3,500,000
    Size: 81,888 sqft
    Size: 96 units
    Cap Rate: 6.68%

  • Larkin & Surfside Apartments

    Larkin & Surfside Apartments

    Multifamily

    Lexington, KY
    Price: $3,400,000
    Size: 1,000 sqft
    Size: 01 units
    Cap Rate: 6.97%

  • Cherry Blossum

    Cherry Blossum

    Shopping Strip

    Georgetown, KY
    Price: $3,395,000
    Size: 16,892 sqft
    Cap Rate: 8.00%

  • Sun Valley Apartments

    Sun Valley Apartments

    Multifamily

    Portland, TX
    Size: 103,896 sqft
    Size: 120 units
    Cap Rate: 8.18%

  • Applebee's

    Applebee's

    Net Leased Restaurant

    Radcliff, KY
    Price: $3,195,000
    Size: 5,600 sqft
    Cap Rate: 7.52%

  • Rite Aid 9616 Highway 403

    Rite Aid 9616 Highway 403

    Net Leased Drug Store

    Charlestown, IN
    Price: $3,182,267
    Size: 11,060 sqft
    Cap Rate: 7.50%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Louisville, KY
    Price: $3,172,000
    Size: 11,180 sqft
    Cap Rate: 7.50%

  • The Mayflower

    The Mayflower

    Multifamily

    Louisville, KY
    Price: $3,100,000
    Size: 100,000 sqft
    Size: 95 units
    Cap Rate: 10.05%

  • Holly Hills

    Holly Hills

    Multifamily

    Louisville, KY
    Price: $2,965,000
    Size: 69,452 sqft
    Size: 94 units
    Cap Rate: 8.08%

  • Augusta Arms Apartments

    Augusta Arms Apartments

    Multifamily

    Lexington, KY
    Price: $2,800,000
    Size: 106,725 sqft
    Size: 153 units
    Cap Rate: 3.91%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Louisville, KY
    Price: $2,757,000
    Size: 15,120 sqft
    Cap Rate: 8.25%

  • Sans Souci / Capri Arms

    Sans Souci / Capri Arms

    Multifamily

    Louisville, KY
    Price: $2,600,000
    Size: 52,800 sqft
    Size: 88 units
    Cap Rate: 7.69%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Louisville, KY
    Price: $2,555,625
    Size: 11,180 sqft
    Cap Rate: 8.23%

  • California Square II

    California Square II

    Multifamily

    Louisville, KY
    Price: $2,546,749
    Size: 33,440 sqft
    Size: 48 units
    Cap Rate: 12.15%

  • Portland Plaza

    Portland Plaza

    Multifamily HUD

    Louisville, KY
    Price: $2,327,725
    Size: 43,807 sqft
    Size: 71 units
    Cap Rate: 19.91%

  • Crawford Crossing

    Crawford Crossing

    Multifamily

    Louisville, KY
    Price: $2,300,000
    Size: 27,000 sqft
    Size: 30 units
    Cap Rate: 7.35%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Richmond, KY
    Price: $2,282,000
    Size: 14,643 sqft
    Cap Rate: 8.65%

  • Cross Creek Apartments

    Cross Creek Apartments

    Multifamily

    New Albany, IN
    Price: $2,250,000
    Size: 54,524 sqft
    Size: 59 units
    Cap Rate: 9.20%

  • 1320 Cumberland Falls Highway

    1320 Cumberland Falls Highway

    Net Leased Drug Store

    Corbin, KY
    Price: $2,150,000
    Size: 14,335 sqft
    Cap Rate: 8.72%

  • Golden Corral

    Golden Corral

    Net Leased Restaurant

    Winchester, KY
    Price: $2,100,000
    Size: 7,020 sqft
    Cap Rate: 8.69%

  • ALEXANDRIA CENTER

    ALEXANDRIA CENTER

    Shopping Strip

    Alexandria, KY
    Price: $2,100,000
    Size: 44,540 sqft
    Cap Rate: 8.71%

  • Pennington Place Apartments

    Pennington Place Apartments

    Multifamily Vacant/User

    Lexington, KY
    Price: $2,100,000
    Size: 409,750 sqft
    Size: 443 units

  • Greentree Townhomes

    Greentree Townhomes

    Multifamily

    Clarksville, IN
    Price: $2,100,000
    Size: 53,676 sqft
    Size: 57 units
    Cap Rate: 9.60%

  • Colonial Bank, NA #26

    Colonial Bank, NA #26

    Net Leased Bank

    PLANT CITY, FL
    Price: $2,090,444
    Size: 3,211 sqft
    Cap Rate: 6.58%

  • Rite Aid

    Rite Aid

    Net Leased Drug Store

    Henderson, KY
    Price: $2,074,600
    Size: 14,564 sqft
    Cap Rate: 9.10%

  • Smokey Bones

    Smokey Bones

    Net Leased Restaurant

    Louisville, KY
    Price: $1,883,300
    Size: 8,338 sqft
    Cap Rate: 6.00%

  • Parkside Townhomes

    Parkside Townhomes

    Multifamily

    Portland, TX
    Size: 42,667 sqft
    Size: 39 units
    Cap Rate: 8.24%

  • Hickory Hills Manor

    Hickory Hills Manor

    Multifamily HUD

    Frankfort, KY
    Price: $1,800,000
    Size: 100 sqft
    Size: 101 units
    Cap Rate: 4.41%

  • Hollywood Video (Wal-Mart Outparcel)

    Hollywood Video (Wal-Mart Outparcel)

    Net Leased Video Store

    Bowling Green, KY
    Price: $1,770,000
    Size: 5,997 sqft
    Cap Rate: 8.25%

  • Applebee's Neighborhood Grill & Bar

    Applebee's Neighborhood Grill & Bar

    Net Leased Restaurant

    Louisville, KY
    Price: $1,695,000
    Size: 3,500 sqft

  • Manor Hall

    Manor Hall

    Multifamily

    Louisville, KY
    Price: $1,664,000
    Size: 31,310 sqft
    Size: 31 units
    Cap Rate: 5.93%

  • Heather Hills Apartments

    Heather Hills Apartments

    Multifamily

    Danville, KY
    Price: $1,650,000
    Size: 70,230 sqft
    Size: 92 units
    Cap Rate: 12.21%

  • Clermont Apartments

    Clermont Apartments

    Multifamily

    Lexington, KY
    Price: $1,600,000
    Size: 34,050 sqft
    Size: 48 units
    Cap Rate: 7.93%

  • Advance Auto Parts

    Advance Auto Parts

    Net Leased Auto Parts

    Radcliff, KY
    Price: $1,582,000
    Size: 7,000 sqft
    Cap Rate: 7.50%

  • McGregor Apartments

    McGregor Apartments

    Multifamily

    Lexington, KY
    Price: $1,540,000
    Size: 3,000 sqft
    Size: 74 units

  • Pleasant Cove Apartments

    Pleasant Cove Apartments

    Multifamily

    Lexington, KY
    Price: $1,500,000
    Size: 34,830 sqft
    Size: 56 units
    Cap Rate: 7.84%

  • USDA - Louisville, Kentucky

    USDA - Louisville, Kentucky

    Single-Tenant Office

    Louisville, KY
    Price: $1,445,000
    Size: 12,750 sqft
    Cap Rate: 9.59%

  • Westside Homes

    Westside Homes

    Multifamily

    Winchester, KY
    Price: $1,400,000
    Size: 36,078 sqft
    Size: 42 units
    Cap Rate: 1.09%

  • STATE OF KENTUCKY DEPT. OF NATURAL RESOURCES

    STATE OF KENTUCKY DEPT. OF NATURAL RESOURCES

    Single-Tenant Office

    Frankfort, KY
    Price: $1,350,000
    Cap Rate: 10.98%

  • SKINNY'S DINER

    SKINNY'S DINER

    Net Leased Restaurant

    Hopkinsville, KY
    Price: $1,321,764
    Size: 2,200 sqft
    Cap Rate: 8.50%

  • CHRISTOPHER'S MOBILE HOME PARK

    CHRISTOPHER'S MOBILE HOME PARK

    Mobile Home Park

    Hopkinsville, KY
    Price: $1,300,000
    Size: 126 units
    Cap Rate: 10.19%

  • Advance Auto Parts

    Advance Auto Parts

    Net Leased Auto Parts

    Pompano Beach, FL
    Price: $1,168,000
    Size: 6,719 sqft
    Cap Rate: 7.56%

  • Bluegrass Senior Services

    Bluegrass Senior Services

    Assisted Living Care

    Shelbyville, KY
    Price: $1,150,000
    Size: 22,500 sqft
    Size: 42 units
    Cap Rate: 17.88%

  • Huddle House

    Huddle House

    Net Leased Restaurant

    Scottsville, KY
    Price: $1,115,000
    Size: 1,850 sqft
    Cap Rate: 9.15%

  • HUDDLE HOUSE

    HUDDLE HOUSE

    Net Leased Restaurant

    Williamsburg, KY
    Price: $1,051,764
    Size: 1,900 sqft
    Cap Rate: 8.50%

  • Mt. Washington Plaza

    Mt. Washington Plaza

    Shopping Strip

    Mt Washington, KY
    Price: $1,030,000
    Size: 17,119 sqft
    Cap Rate: 9.67%

  • Bradford Apts

    Bradford Apts

    Multifamily

    Lexington, KY
    Price: $1,000,000
    Size: 50 units
    Cap Rate: 2.13%

  • Dixiana Court

    Dixiana Court

    Multifamily HUD

    Owensboro, KY
    Price: $750,000
    Size: 41,266 sqft
    Size: 50 units
    Cap Rate: 5.02%

  • KENTUCKY DEPT. OF NATURAL RESOURCES

    KENTUCKY DEPT. OF NATURAL RESOURCES

    Single-Tenant Office

    Frankfort, KY
    Price: $574,000
    Cap Rate: 11.25%

  • Highlands 4-Plex

    Highlands 4-Plex

    Multifamily

    Louisville, KY
    Price: $550,000
    Size: 5,400 sqft
    Size: 04 units
    Cap Rate: 6.55%

  • Augusta Gardens

    Augusta Gardens

    Multifamily

    Lexington, KY
    Price: $360,000
    Size: 14,850 sqft
    Size: 36 units
    Cap Rate: 9.67%

In The News

  • Investors spend money on apartment complexes to make money on rent or resale

    Read More

    Lafayette Square Apartments sells for $4 million

    Read More

    Vieux Carre Apartments sold to Nashville group. This sale set a record price for 1970s-era construction.

    Read More