SomeraRoad Acquires Industrial Property On Foundation Drive In Evansville, IND For $24.7M

5504 Foundation Drive in Evansville, Indiana was sold in a closed transaction. The industrial property, spanning 266,720 square feet, was acquired by SomeraRoad, a real estate investment firm. The transaction was facilitated by Maurice Nieman from Savills. The sale price for the property was $24,700,000, resulting in a price per square foot of $93.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $24,700,000
• Address: 5504 Foundation Drive, Evansville, IND
• Market: Evansville, IND
• Buyer: SomeraRoad - Ian Ross & Fergus Campbell
• Broker: Maurice Nieman - Savills
• Square Footage: 266,720
• Price per Square Foot: $93

Notable individuals involved in the transaction include Ian Ross and Fergus Campbell from SomeraRoad, who represented the buyer's side. Maurice Nieman, from Savills, acted as the broker. This deal showcases the successful acquisition of the industrial property by SomeraRoad.