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5741 North 225 East

Cummins Inc. Leases 1.1MSF Industrial Space At Mohr Logistics Park In Whiteland
LEASEDIndustrial

Cummins Inc. Leases 1.1MSF Industrial Space At Mohr Logistics Park In Whiteland

5741 North 225 East

Building Size

1,100,000 SF

Asset Type

Industrial

Closing

May 10, 2024

AI

The leased property is a newly constructed 1.1 million-square-foot Class A building located at 5741 North 225 East in Whiteland, Indiana. The property is part of Mohr Logistics Park, which is planned to encompass a total of 7 million square feet of industrial space upon completion.

Summary of transaction details:

Cummins Inc., as the tenant, has leased the 1.1 million-square-foot building at Mohr Logistics Park for its global power solutions operations. The industrial park in Whiteland, Indiana, already hosts notable tenants like Goodyear, NFI, Turn 14, and DHL, making the lease by Cummins Inc. the fifth major agreement for the industrial park.

Players

Brian Zurawski

Colliers

Broker

2 deals

Broker

Whiteland 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