Brian Brisky Of Brisky Net Lease Represents Buyer In Sale Of 150000 SF Industrial Property For $16.4M
14616 Foundation Avenue
$16,400,000
$109/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Jun 9, 2025
AI
An industrial building located at 14616 Foundation Avenue in Evansville, IN, has been sold for $16.4 million. The facility spans 150,000 square feet, translating to a price per square foot of $109. Constructed in 2022, it is situated within Vanderburgh Industrial Park and is currently leased to Windstream Communications.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,400,000
- Square Footage: 150,000
- Price Per Square Foot: $109
- Address: 14616 Foundation Avenue
- Market: Evansville, IN
- Buyer's Representative: Brian Brisky - Brisky Net Lease
- Seller's Representative: Greg Folz - Woodward Commercial Realty
Brian Brisky represented the buyer, Brisky Net Lease, while Greg Folz represented the seller, Woodward Commercial Realty, in facilitating this transaction. The deal highlights the involvement of these key individuals in navigating the sale of the industrial property.
Players
Evansville 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93