W. P. Carey Acquires Industrial Property In Frankfort, IN From Founders Properties, LLC
3500 West Co Road 0 Ns, Frankfort, IN, USA
$114,000,000
$76/SF
Building Size
1,500,000 SF
Asset Type
Industrial
Closing
Sep 13, 2021
AI
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
Frankfort 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93