SOLD
Frank Beidler Acquires Industrial Property In Indianapolis For $25M
5828 Commerce Drive
Industrial
356,900 SF
356,900 SF
Sold 105 days ago
Summary
Sale
INDIANA
Industrial
356,900 sqft
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.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Kevin Foley, Anthony DeLorenzo & Andrew Morris
DATE: 12/18/2023
ADDRESS: 5828 Commerce Drive
MARKET: Indianapolis, IN
ASSET TYPE: Industrial
BUYER: Frank Beidler
SELLER: Geoffrey Lord
BROKERS: Kevin Foley (@KPFoley), Anthony DeLorenzo (@AnthonyDelorenzo) & Andrew Morris - CBRE (@CBRE)
SALE PRICE: $25,000,000
SF: 356,900 ~ PPSF: $70
NOTE FROM BROKER: CBRE Sold Industrial Property at 5.6% Cap Rate to a private, high-net-worth buyer.View on map
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Address5828 Commerce Drive
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