Adidas Renews Lease For 599,152 SF Industrial Space In Indianapolis
8677 Logo Athletic Court Indianapolis, Indiana 46219, USA
Building Size
599,152 SF
Asset Type
Industrial
Closing
Jun 21, 2023
AI
Adidas has renewed its lease for a 599,152 square feet industrial space in Indianapolis, owned by Link Logistics. The property is strategically located along Interstate 70 and serves as a finishing facility for screen-printed sport apparel.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8677 Logo Athletic Court
- Market: Indianapolis
- Tenant: Adidas
- Landlord: Link Logistics
- Brokers: Jason Speckman - Colliers International, Jimmy Cohoat, Andrea Hopper, Billy Powers
Adidas' lease renewal of the industrial space in Indianapolis was facilitated by brokers Jason Speckman from Colliers International, Jimmy Cohoat, Andrea Hopper, and Billy Powers. The property's location along Interstate 70 offers strategic advantages for Adidas' operations.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93