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14616 Foundation Avenue

Brian Brisky Of Brisky Net Lease Represents Buyer In Sale Of 150000 SF Industrial Property For $16.4M
SOLDIndustrial

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

Brian Brisky

Brisky Net Lease

Broker

$65M

vol

6 deals

Broker

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