DHL Supply Chain Acquires Industrial Building In Whiteland, Indiana For $70.7M
SOLD
$70,700,000
Indiana
See Similar DealsIndustrial979,649 SF
Sold 03/13/2023
SOLD
DHL Supply Chain Acquires Industrial Building In Whiteland, Indiana For $70.7M
45 Mission Road
See Similar DealsIndustrial979,649 SF
Sold 03/13/2023
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$72
Total Square Footage:979,649 SF
Transaction Type:Sale
The industrial property located at 45 Mission Road Building 5 in Whiteland, Indiana has been sold in a transaction on March 31, 2023. The property spans a total area of 979,649 square feet and was sold for a price of $70,700,000, resulting in a price per square foot of $72.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $70,700,000
- Address: 45 Mission Road Building 5, Whiteland, Indiana
- Market: Whiteland, Indiana
DHL Supply Chain acquired the property from Jones Development Co. represented by Kevin Jones. The brokers involved in the transaction were Sean McHale and Peter Seoane from Avison Young.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,770,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$251,182.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$335,154.07
Annual Debt Service$4,021,848.83
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