Cambridge Holdings Acquires Industrial Property In Mooresville For $43M
SOLD
$43,000,000
Indiana
See Similar DealsIndustrial507,600 SF
Sold 09/29/2021
SOLD
Cambridge Holdings Acquires Industrial Property In Mooresville For $43M
2633 Westpoint Blvd, Mooresville, In 46158, Usa
See Similar DealsIndustrial507,600 SF
Sold 09/29/2021
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$84
Total Square Footage:507,600 SF
Transaction Type:Sale
An industrial property located at 2633 Westpoint Blvd in Mooresville, IN has been sold for $43,000,000. The property spans across 507,600 square feet, resulting in a price per square foot of $85. The transaction took place on 09/29/2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $43,000,000
- Address: 2633 Westpoint Blvd, Mooresville, IN
- Market: Mooresville, IN
The buyer of the property is Cambridge Holdings, while the seller is Ambrose Property Group LLC. The sale was facilitated by John Huguenard, Ed Halaburt, and Brian Seitz from JLL Capital Markets.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,293,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$203,841.94
Annual Debt Service$2,446,103.25
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