Updated Oct 28, 2024
West Coast-based Buyer Acquires Industrial Property In Portage, Indiana For $8.2M
6340 Ameriplex Drive, Portage, Indiana 46368, United States
$8,215,000
$155/SF
Building Size
52,798 SF
Asset Type
Industrial
Closing
May 16, 2022
About this deal
AI
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.
Portage Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93