W. P. Carey Acquires Industrial Property In Frankfort, IN From Founders Properties, LLC
SOLD
$114,000,000
Indiana
See Similar DealsIndustrial1,500,000 SF
Sold 09/13/2021
SOLD
W. P. Carey Acquires Industrial Property In Frankfort, IN From Founders Properties, LLC
3500 West Co Road 0 Ns, Frankfort, IN, USA
See Similar DealsIndustrial1,500,000 SF
Sold 09/13/2021
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:1,500,000 SF
Transaction Type:Sale
The industrial property located at 3500 W County Road 0 Ns in Frankfort, IN has been sold for a total price of $114,000,000. The property spans an area of 1,500,000 square feet, resulting in a price per square foot of $76. The sale took place on September 13, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $114,000,000
- Address: 3500 W County Road 0 Ns, Frankfort, IN
- Market: Frankfort, IN
The buyer of the property is W. P. Carey, while the seller is Founders Properties, LLC. The transaction was facilitated by brokers John Huguenard and Kurt Sarbaugh 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)
$6,079,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$405,017.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$540,418.16
Annual Debt Service$6,485,017.92
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