Transition Properties LP Acquires Industrial Property In Greenfield, IN For $13.4M
SOLD
$13,400,000
Indiana
See Similar DealsIndustrial120,336 SF
Sold 09/01/2023
SOLD
Transition Properties LP Acquires Industrial Property In Greenfield, IN For $13.4M
4308 West 300 N
See Similar DealsIndustrial120,336 SF
Sold 09/01/2023
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$111
Total Square Footage:120,336 SF
Transaction Type:Sale
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%.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$714,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,607.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,522.84
Annual Debt Service$762,274.04
Is there something missing? Send suggestions