Alfa Laval Leases 324000 Square Feet At County Line Commerce In Greenwood Indiana
E County Line Rd
Building Size
324,000 SF
Asset Type
Industrial
Closing
Aug 22, 2024
AI
The property involved in this transaction is a 324,000-square-foot industrial asset located at County Line Road and South Arlington Avenue in Greenwood, IN. It is part of the County Line Commerce industrial park, which spans 170 acres and offers nearly 1.9 million square feet of space, with three buildings remaining available for lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: County Line Road and South Arlington Avenue
- Market: Greenwood, IN
- Landlord: Gershman & Citimark
- Tenant: Alfa Laval
- SF: 324,000
- Brokers: Brian Buschuk, Brian Seitz & Charlie Polk - JLL
Alfa Laval has signed the lease for the entirety of Building 2 within the industrial park. The leasing deal is facilitated by brokers Brian Buschuk, Brian Seitz, and Charlie Polk, all representing JLL in this transaction.
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