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601 S Gladstone Ave, Columb...

Bridge Investment Group Acquires Industrial Property In Columbus, IN For $55.3M
SOLDIndustrial

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

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

Jason DeWitt

JLL

Broker

$55.3M

vol

1 deal

Broker
Bridge Investment Group
Bridge Investment GroupBuyer
Bridge Investment Group
Bridge Investment GroupLender

Columbus Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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