Sodrel Truck Lines Inc Sells Industrial Portfolio In Indianapolis For $12.7M With CBRE Representation
1310 South West Street
$12,700,000
Building Size
—
Asset Type
Industrial
Closing
Feb 6, 2025
AI
The industrial portfolio located at 1220, 1254 & 1310 South West Street in Indianapolis, IN, encompasses 15 acres, featuring three buildings and a truck lot. The sale-leaseback transaction was recorded at a price of $12,700,000, and includes a 25,856-square-foot truck terminal along with a 6.1-acre truck lot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,700,000
- Asset Size: 15 acres
- Address: 1220, 1254 & 1310 South West Street
- Market: Indianapolis, IN
- Seller: Sodrel Truck Lines Inc
- Brokerage: CBRE
- Broker Representatives: Anthony DeLorenzo, Austin Wolitarsky, Bryan Johnson, JD Graves, Kevin Foley & Sarah Greer
- Lease Duration: At least one year
CBRE facilitated the sale-leaseback transaction, whereby Sodrel Truck Lines Inc will lease back the properties following the sale. This deal was notably represented by Kevin Foley and his team within the CBRE brokerage.
Players
Indianapolis Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93