Omega Industrial Realty Acquires Industrial Property In Indianapolis, IN For $41.1M
SOLD
$41,100,000
+ 1
Indiana
See Similar DealsIndustrial433,104 SF
Sold 07/07/2023
SOLD
Omega Industrial Realty Acquires Industrial Property In Indianapolis, IN For $41.1M
1772 Gateway Point Clayton, IN 46118, USA
See Similar DealsIndustrial433,104 SF
Sold 07/07/2023
+ 1
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$94
Total Square Footage:433,104 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,191,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$146,019.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$194,834.97
Annual Debt Service$2,338,019.62
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