Transition Properties LP Acquires Industrial Property In Greenfield, IN For $13.4M

The industrial property located at 4308 West 300 N Greenfield, IN 46140 in the Mount Comfort - East Submarket of Indianapolis, IN has been sold. The transaction was facilitated by CBRE brokers Kevin Foley, Anthony DeLorenzo, and Jared Scaringe. The property spans across 120,336 square feet and was sold for a price of $13,400,000, resulting in a price per square foot of $111.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $13,400,000
• Square Footage: 120,336
• Price Per Square Foot: $111
• Address: 4308 West 300 N Greenfield, IN 46140
• Market: Mount Comfort - East Submarket of Indianapolis, IN

The buyer of the property is Transition Properties LP, represented by Art Day. The seller of the property is Ambrose Property Group. This private California buyer closed the transaction within 31 days as part of a 1031 Exchange. The cap rate for this deal was 5.46%.