Updated Jun 21, 2026
Greenspring Realty Partners Acquires 16,000 Square Foot Industrial Property In Indianapolis For $2.1M
7770 West New York Street
$2,100,000
$131/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Jun 17, 2026
About this deal
AI
The property asset involved in this transaction is a single-tenant industrial property located at 7770 West New York Street, Indianapolis, IN. The transaction took place on June 17, 2026, with a sale price of $2,100,000. The industrial asset encompasses 16,000 square feet and sits on 2.20 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Square Footage: 16,000
- Address: 7770 West New York Street
- Market: Indianapolis, IN
- Price Per Square Foot: $131
- Buyer: Greenspring Realty Partners
- Brokers: Gus Poulos & Forest Bender - Marcus & Millichap
Marcus & Millichap facilitated this transaction, showcasing their role in brokering the sale of the fully occupied asset, which is currently leased to Terracon Consultants. The deal reflects the ongoing demand for industrial properties in the Indianapolis area, particularly those in favorable locations such as nearby the airport.
On the Map
$2,100,000
$131/SF
Industrial
View full map
Players
Fremont Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Gus Poulos to view all their deals.
Browse Fremont industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93