Frank Beidler Acquires Industrial Property In Indianapolis For $25M

A 356,900 square foot industrial property located at 5828 Commerce Drive in Indianapolis, IN has been sold. The property was purchased by Frank Beidler from Geoffrey Lord for a total price of $25,000,000. The sale represents a price per square foot of $70.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,000,000
• Address: 5828 Commerce Drive, Indianapolis, IN
• Market: Indianapolis, IN
• Buyer: Frank Beidler
• Seller: Geoffrey Lord

The transaction was facilitated by CBRE brokers Kevin Foley, Anthony DeLorenzo, and Andrew Morris. The industrial property was sold at a 5.6% cap rate to a private, high-net-worth buyer.