Updated Oct 29, 2024
Provender Partners Acquires Refrigerated Warehouse Portfolio In Indianapolis, Minot, N.D, Newcomerstown, Ohio & Lakeland, Fla From SpartanNash
Indianapolis, Indiana, United States
$29,900,000
$61,904/SF
Building Size
483 SF
Asset Type
Industrial
Closing
Jun 10, 2022
About this deal
AI
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.
On the Map
$29,900,000
$61,904/SF
Industrial
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Players
Indianapolis 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93