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300 Corporate Drive

Updated Dec 4, 2024

Bintelli Signs 150,000 SF Industrial Lease In Jeffersonville, Indiana Facilitated By Avison Young
LEASEDIndustrial

Bintelli Signs 150,000 SF Industrial Lease In Jeffersonville, Indiana Facilitated By Avison Young

300 Corporate Drive

Building Size

150,000 SF

Asset Type

Industrial

Closing

Jan 29, 2024

About this deal

AI

Bintelli, a low-speed vehicle manufacturer based in Charleston, has signed a 150,000-square-foot industrial lease at River Ridge Commerce Center in Jeffersonville, Indiana. The lease was facilitated by Ashley Jackrel and Matt Ryder of Avison Young. The industrial property is located at 300 Corporate Drive in Jeffersonville and has a market value reflecting a $4 million investment. The lease represents an expansion for Bintelli, allowing them to fulfill their production plans for golf carts, shuttles, vehicles, parts, and accessories. This move is expected to create 67 new jobs.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Square Footage: 150,000
  • Address: 300 Corporate Drive, Jeffersonville, Indiana
  • Market: Jeffersonville, Indiana
  • Tenant: Justin Jackrel - Bintelli
  • Landlord's Representative: Dustin Coffman - PRG Commercial Property Advisors
  • Tenant's Representatives: Ashley Jackrel & Matt Ryder - Avison Young

Players

Ashley Jackrel

Avison Young

Broker

1 deal

Broker

Jeffersonville Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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