Updated Aug 1, 2025
Hines & Cresset Partners Sell Whiteland, Indiana Industrial Property For $104M
Whiteland Road, Whiteland, Indiana 46131, United States
$104,000,000
$104,000,000/SF
Building Size
1 SF
Asset Type
Industrial
Closing
Nov 18, 2022
About this deal
AI
An industrial property in Whiteland, Indiana has been sold for $104,000,000. The property, located at I-65 & Whiteland Road, spans across 90 acres. It offers a total area of 1,100,000 square feet with a price per square foot of $95.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $104,000,000
- Address: I-65 & Whiteland Road, Whiteland, Indiana
- Market: Whiteland, Indiana
- Acreage: 90
The sale of this industrial property was facilitated by Hines & Cresset Partners as the seller. The buyer was represented by Cam Kucic from Colliers. Luke Wessel & Michael Weishaar from Cushman & Wakefield served as the seller's representatives in this transaction.
Players
Whiteland 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93