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E County Line Rd

Alfa Laval Leases 324000 Square Feet At County Line Commerce In Greenwood Indiana
LEASEDIndustrial

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:

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

Brian Seitz

JLL

Broker

$43M

vol

2 deals

Broker

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