Updated Oct 29, 2024
DHL Supply Chain Acquires Industrial Building In Whiteland, Indiana For $70.7M
45 Mission Road
$70,700,000
$72/SF
Building Size
979,649 SF
Asset Type
Industrial
Closing
Mar 13, 2023
About this deal
AI
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.
On the Map
$70,700,000
$72/SF
Industrial
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Players
Whiteland 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93