facebook

traded

+ Submit
Home

/

Deals

/

Indiana

/

Industrial

/

Lease

/

9850 Mississippi Street

Crow Holdings Leases 1M SF Industrial Facility In Merrillville, IN With KBC Advisors
LEASEDIndustrial

Crow Holdings Leases 1M SF Industrial Facility In Merrillville, IN With KBC Advisors

9850 Mississippi Street

Building Size

1,000,000 SF

Asset Type

Industrial

Closing

Apr 12, 2024

AI

The industrial facility located at 9850 Mississippi Street in Merrillville, Indiana spans 1,000,000 square feet. This Class A warehouse is part of the Silos at Sanders Farm master plan, offering significant amenities to tenants.

Summary of transaction details:

Crow Holdings, represented by Ryan O'Leary from KBC Advisors, secured the lease for the industrial facility in Merrillville, Indiana. The landlord, represented by Adam Haefner, Marty Mikaitis, and Zeke Rowan of Avison Young, was successful in leasing out the 1 million-square-foot property to a major e-commerce company, marking one of the largest recent industrial deals in the Greater Chicago area.

Players

Adam Haefner

Avison Young

Broker

$51.5M

vol

6 deals

Broker

Merrillville Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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