Shear Property Group Leases 130,582 SF Industrial Space At Victory Commerce Park In Indianapolis With BioPlus Specialty Pharmacy Services & Hellman Worldwide Logistics
4740 Victory Lane Indianapolis, Indiana 46203, Usa
Building Size
130,582 SF
Asset Type
Industrial
Closing
Jul 27, 2023
AI
The Shear Property Group has leased a property located at 4740 Victory Lane in Indianapolis. The property is an industrial building with a total area of 130,582 square feet. It features modern amenities such as a 36-foot clear height, a 135-foot truck court, 80 dock positions, and advanced sprinkler systems.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 4740 Victory Lane
- Market: Indianapolis
- Square Footage: 130,582
In this lease transaction, BioPlus Specialty Pharmacy Services LLC leased 47,891 square feet of space while Hellman Worldwide Logistics leased 82,691 square feet. Colliers represented Shear Property Group as the broker in this deal.
Players
Hilliard Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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