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1310 South West Street

Sodrel Truck Lines Inc Sells Industrial Portfolio In Indianapolis For $12.7M With CBRE Representation
SOLDIndustrial

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:

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

Bryan Johnson

CBRE

Broker

$763.9M

vol

49 deals

Broker

Indianapolis Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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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