West Coast-based Buyer Acquires Industrial Property In Portage, Indiana For $8.2M
SOLD
$8,215,000
Indiana
See Similar DealsIndustrial52,798 SF
Sold 05/17/2022
SOLD
West Coast-based Buyer Acquires Industrial Property In Portage, Indiana For $8.2M
6340 Ameriplex Drive, Portage, Indiana 46368, United States
See Similar DealsIndustrial52,798 SF
Sold 05/17/2022
Summary
INDIANA
Asset Type:Industrial
Price Per Square Foot:$155
Total Square Footage:52,798 SF
Transaction Type:Sale
The Diversey at AmeriPlex, located at 6340 Ameriplex Dr. in Portage, Indiana, has been sold in an industrial property transaction. The property spans 52,798 square feet and was sold for a total price of $8,215,000, resulting in a price per square foot of $156.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,215,000
- Address: 6340 Ameriplex Dr. - The Diversey at AmeriPlex, Portage, Indiana
- Market: Portage, Indiana
The buyer of The Diversey at AmeriPlex is a West Coast-based buyer. On the other hand, Holladay Properties acted as the seller in this transaction. The deal was facilitated by Jason St. John from Greenstone Partners, who represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$438,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,186.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,943.29
Annual Debt Service$467,319.49
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