Marathon Electric LLC Leases Industrial Space From HSA Commercial Real Estate
Building Size
233,618 SF
Asset Type
Industrial
Closing
Jun 28, 2024
AI
The industrial space located at 9524-9532 Station Boulevard in Plainfield, IN, spans a total of 233,618 square feet. This property is part of the Terminus at Hobbs Station development, situated near the Indianapolis International Airport.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: HSA Commercial Real Estate
- Tenant: Marathon Electric LLC
- Tenants' Representatives: Jimmy Cohoat, Andrea Hopper & Darren Ross - Colliers
Marathon Electric LLC is set to occupy the 233,618-square-foot industrial space at Terminus at Hobbs Station in Plainfield for warehousing and distribution purposes by September. Developed by HSA Commercial Real Estate, the project is currently 45 percent leased, with Marathon Electric LLC contributing to the occupancy of the space.
Players
Market 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