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

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.