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Provender Partners Acquires Refrigerated Warehouse Portfolio In Indianapolis, Minot, N.D, Newcomerstown, Ohio & Lakeland, Fla From SpartanNash

Property Image
SOLD
$29,900,000

Indiana

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Industrial483 SF
Sold 06/10/2022
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Property Image
SOLD

Provender Partners Acquires Refrigerated Warehouse Portfolio In Indianapolis, Minot, N.D, Newcomerstown, Ohio & Lakeland, Fla From SpartanNash

Indianapolis, Indiana, United States

See Similar Deals
Industrial483 SF
Sold 06/10/2022
Contact now

Summary

INDIANA
Asset Type:Industrial
Price Per Square Foot:$61,904
Total Square Footage:483 SF
Transaction Type:Sale

An industrial refrigerated warehouse portfolio has been sold in a recent transaction. The portfolio is located in Indianapolis, Minot, N.D, Newcomerstown, Ohio & Lakeland, Fla. The property spans a total of 483,000 square feet and is categorized as an industrial asset. The sale price for this portfolio was $29,900,000, resulting in a price per square foot of $62.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $29,900,000
  • Square Footage: 483,000
  • Market: Indianapolis, Minot, N.D, Newcomerstown, Ohio & Lakeland, Fla

The buyer of the portfolio is Provender Partners, while the seller is SpartanNash. The transaction was facilitated by Chuck Rosien of JLL, serving as the broker for the deal.

Players

Chuck Rosien
3 deals$144.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: Chuck Rosien DATE: 10/06/2022 ADDRESS: Refrigerated Warehouse Portfolio MARKET: Indianapolis, Minot, N.D, Newcomerstown, Ohio & Lakeland, Fla ASSET TYPE: Industrial BUYER: Provender Partners SELLER: SpartanNash BROKER: Chuck Rosien - JLL (@JLL) SALE PRICE: $29,900,000 SF: 483,000 ~ PPSF: $62

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$106,228.38
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