Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Michael Levy - Crow Holdings
- Landlord's Rep: Adam Haefner, Marty Mikaitis & Zeke Rowan - Avison Young
- Tenant's Rep: Ryan O’Leary - KBC Advisors
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.
On the Map
Industrial
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Players
Merrillville 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