Updated Mar 11, 2025
Bridge Investment Group Acquires Industrial Property In Columbus, IN For $55.3M
601 S Gladstone Ave, Columbus, Indiana, USA
$55,300,000
$140/SF
Building Size
393,817 SF
Asset Type
Industrial
Closing
Jul 29, 2021
About this deal
AI
The industrial property located at 601 S Gladstone Ave in Columbus, IN has been sold in a recent transaction. The property spans across 393,817 square feet and was sold for a total price of $55,300,000, resulting in a price per square foot of $140. The sale took place on July 30, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $55,300,000
- Date: 07/30/2021
- Address: 601 S Gladstone Ave
- Market: Columbus, IN
The buyer in this transaction was Bridge Investment Group, while the seller was Livingston Street Capital. The deal was facilitated by brokers Jason DeWitt, Brian Shanfeld, Ed Halaburt, Nick Franklin, and Steve Okon from JLL.
Players
Columbus Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Steve Okon to view all their deals.
Browse Indiana industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93