Royal Arc Welding Sells Industrial Portfolio In Ashley, IN & Flat Rock, MI For $4.2M

The Industrial Portfolio in Ashley, IN and Flat Rock, MI has been sold in a closed transaction. The property spans 35,000 square feet and was acquired for a sale price of $4,200,000, resulting in a price per square foot of $120. The seller of the portfolio was Royal Arc Welding, while the transaction was facilitated by broker Rob Gemerchak from Northmarq.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,200,000
• Address: Not specified
• Market: Ashley, IN & Flat Rock, MI
• Square Footage: 35,000
• Price per Square Foot: $120
• Seller: Royal Arc Welding
• Broker: Rob Gemerchak - Northmarq

This transaction highlights the successful sale of the Industrial Portfolio, showcasing the expertise of Rob Gemerchak from Northmarq as the broker involved in the deal. The completion of this sale demonstrates the robust industrial market in Ashley, IN and Flat Rock, MI, and signifies Royal Arc Welding's divestment strategy in the region.