Granite REIT Acquires Industrial Property In Liberty Township, IN
10566 Gateway Drive, Indianapolis, Indiana 46234, United States
Building Size
1,400,000 SF
Asset Type
Industrial
Closing
Apr 17, 2022
AI
The industrial property located at 2128 Gateway Point and 10566 Gateway Point in Liberty Township, IN has been sold. The property spans across 214 acres and has been acquired by Granite Real Estate Investment Trust from Core 5 Industrial Partners. The transaction was facilitated by brokers Andrew Morris and Jeremy Woods from CBRE. The total square footage of the property is 1,400,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2128 Gateway Point & 10566 Gateway Point, Liberty Township, IN
- Market: Liberty Township, IN
- Acres: 214
- Buyer: Granite Real Estate Investment Trust
- Seller: Core 5 Industrial Partners
- Broker: Andrew Morris & Jeremy Woods - CBRE
- Square Footage: 1,400,000
As mentioned previously, Andrew Morris and Jeremy Woods from CBRE played a key role as brokers in facilitating the sale of the industrial property. Their expertise and representation helped negotiate the deal between Granite Real Estate Investment Trust and Core 5 Industrial Partners.
Players
Indianapolis 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93