Updated Aug 18, 2026
SOLDIndustrial
JLL Income Property Trust Acquires Whitestown Distribution Center IV For $137 Million
5190 South State Road 267
$137,000,000
$124/SF
Building Size
1,100,000 SF
Asset Type
Industrial
Closing
Aug 13, 2026
About this deal
AI
The property asset involved in the transaction is the Whitestown Distribution Center IV, located at 5190 South State Road 267 in Whitestown, IN. The Class A industrial facility, built in 2024, comprises 1,100,000 square feet and was purchased for a total sale price of $137,000,000. The property is fully leased to a single tenant, serving as its largest North American redistribution center, with a price per square foot of $125.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $137,000,000
- Address: 5190 South State Road 267
- Market: Whitestown, IN
- Square Footage: 1,100,000
- Price per Square Foot: $125
- Buyer: JLL Income Property Trust
JLL Income Property Trust has expanded its industrial portfolio with this acquisition, which now constitutes 38% of its total $6.9 billion asset holdings. The transaction highlights the trust's strategy to increase its presence in the industrial sector through long-term leased properties.
On the Map
$137,000,000
$124/SF
Industrial
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Players
Elkin 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93