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
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