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4308 West 300 North Greenfi...

CBRE Facilitates $13.4M Sale Of 120K SF Industrial Warehouse In Greenfield, Indiana
SOLDIndustrial

CBRE Facilitates $13.4M Sale Of 120K SF Industrial Warehouse In Greenfield, Indiana

4308 West 300 North Greenfield, Indiana 46140, USA

$13,400,000

$111/SF

Building Size

120,336 SF

Asset Type

Industrial

Closing

Aug 31, 2023

AI

A California-based buyer purchased a 120,336 sq. ft. build-to-suit warehouse located at 4308 West 300 North in Greenfield, Indiana. The property, which was built in 2021, features 30-ft clear height and 22 dock doors. It was sold by Ambrose Property Group for a sale price of $13,400,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $13,400,000
  • Square Footage: 120,336 sq. ft.
  • Address: 4308 West 300 North, Greenfield, Indiana
  • Market: Greenfield, Indiana

The sale of this industrial property was facilitated by CBRE, with Kevin Foley, Jared Scaringe, Gary Stache, Chris Martin, and Bill Maher serving as the brokers. The buyer, who engaged in a 1031 exchange, was U.S. AutoForce. The transaction occurred in August 2023.

Players

Chris Martin

CBRE

Broker

$64.7M

vol

3 deals

Broker
AL
Ambrose Property Group LLCSeller

Greenfield 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93