Vault Equity Partners Acquires 112,862 Square Foot Industrial Property In Elkhart From Industrial Commercial Properties
3701 South Main Street
Building Size
112,862 SF
Asset Type
Industrial
Closing
Jun 15, 2026
AI
Vault Equity Partners acquired a 112,862-square-foot industrial property located at 3701 South Main Street in Elkhart, Indiana, from Industrial Commercial Properties. The asset is fully leased and is situated within the Concord Business Park, which is a redevelopment of a former mall into an industrial facility.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3701 South Main Street
- Market: Elkhart, IN
- Asset Size: 112,862 square feet
- Buyer: Vault Equity Partners
- Seller: Industrial Commercial Properties
- Broker Representatives: Will Roberts, Steve Timmel & Chris Deutscher - CBRE
This transaction highlights the involvement of CBRE, which represented Industrial Commercial Properties in the sale. The acquisition contributes to Vault Equity Partners' portfolio within the industrial segment, aligning with current market trends in the area.
Players
Market 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93