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1772 Gateway Point Clayton,...

Omega Industrial Realty Acquires Industrial Property In Indianapolis, IN For $41.1M
SOLDIndustrial

Omega Industrial Realty Acquires Industrial Property In Indianapolis, IN For $41.1M

1772 Gateway Point Clayton, IN 46118, USA

$41,100,000

$94/SF

Building Size

433,104 SF

Asset Type

Industrial

Closing

Jul 7, 2023

AI

The industrial property located at 1772 Gateway Point in Indianapolis, IN has been recently sold. The transaction took place on 07/07/2023 for a total sale price of $41,100,000. The property has a total square footage of 433,104, resulting in a price per square foot of $95.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $41,100,000
  • Address: 1772 Gateway Point, Indianapolis, IN
  • Square Footage: 433,104
  • Price Per Square Foot: $95

The buyer of the property is Omega Industrial Realty, while the seller is Core5 represented by Timothy Gunter. The deal was facilitated by the brokers Kevin Foley, Anthony DeLorenzo, and Andrew Morris from CBRE.

Players

Anthony DeLorenzo

CBRE

Broker

$2B

vol

119 deals

Broker

Timothy Gunter

Seller

$87.6M

vol

3 deals

Seller

Clayton 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

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93