Colliers Leases 130,582 Sq. Ft. Industrial Building In Indianapolis With BioPlus And Hellman
4740 Victory Ln Indianapolis, In 46203, Usa
$22
$22/SF
Building Size
130,582 SF
Asset Type
Industrial
Closing
Jul 24, 2023
AI
An industrial building located at 4740 Victory Lane in Indianapolis has been leased. The property spans a total of 130,582 square feet and is owned by Shear Property Group.
Summary of transaction details
- Property Type: Industrial
- Address: 4740 Victory Lane, Indianapolis
- Market: Indianapolis
- Landlord: Shear Property Group
- Tenant: BioPlus Specialty Pharmacy Services & Hellman Worldwide Logistics
- Brokers: Jimmy Cohoat & Billy Powers - Colliers
- Asking Rent: $22.03/ft.
- Square Footage: 130,582
The lease transaction involved two tenants. BioPlus Specialty Pharmacy Services secured 47,891 square feet of the industrial building, while Hellman Worldwide Logistics leased 82,691 square feet. The landlord, Shear Property Group, was represented in the deal by Jimmy Cohoat and Billy Powers of Colliers.
Players
Indianapolis 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
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93