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4740 Victory Ln Indianapoli...

Colliers Leases 130,582 Sq. Ft. Industrial Building In Indianapolis With BioPlus And Hellman
LEASEDIndustrial

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

Jimmy Cohoat

Colliers

Broker

5 deals

Broker
SG
Shear Property GroupLandlord
BS
BioPlus Specialty Pharmacy ServicesTenant

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