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2633 Westpoint Blvd, Moores...

Cambridge Holdings Acquires Industrial Property In Mooresville For $43M
SOLDIndustrial

Cambridge Holdings Acquires Industrial Property In Mooresville For $43M

2633 Westpoint Blvd, Mooresville, In 46158, Usa

$43,000,000

$84/SF

Building Size

507,600 SF

Asset Type

Industrial

Closing

Sep 29, 2021

AI

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

John Huguenard

JLL

Broker

$1.5B

vol

24 deals

Broker
CH
Cambridge HoldingsBuyer
AL
Ambrose Property Group LLCSeller

Winter Garden Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93