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CBRE Facilitates $13.4M Sale Of 120K SF Industrial Warehouse In Greenfield, Indiana
SOLD
$13,400,000
+ 2
Indiana
See Similar DealsIndustrial120,336 SF
Sold 08/31/2023
SOLD
CBRE Facilitates $13.4M Sale Of 120K SF Industrial Warehouse In Greenfield, Indiana
4308 West 300 North Greenfield, Indiana 46140, USA
See Similar DealsIndustrial120,336 SF
Sold 08/31/2023
+ 2
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$111
Total Square Footage:120,336 SF
Transaction Type:Sale
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.
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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
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