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3701 South Main Street

Vault Equity Partners Acquires 112,862 Square Foot Industrial Property In Elkhart From Industrial Commercial Properties
SOLDIndustrial

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:

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

Steve Timmel

CBRE

Broker

$99.3M

vol

8 deals

Broker
Vault Equity Partners
Vault Equity PartnersBuyer
Industrial Commercial Properties LLC
Industrial Commercial Properties LLCSeller

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