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8677 Logo Athletic Court In...

Adidas Renews Lease For 599,152 SF Industrial Space In Indianapolis
LEASEDIndustrial

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

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

Jason Speckman

Colliers

Broker

2 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
Link Logistics Real Estate
Link Logistics Real EstateLandlord

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