CBRE has successfully negotiated the sale of Park 130 at Whitestown Building 2, a state-of-the-art industrial facility located in Whitestown, Indiana. The property was sold for $24.52 million to a private buyer with significant financial resources and was purchased at an attractive cap rate of 5.6%.
The transaction was facilitated by CBRE Investment Properties experts Kevin Foley and Anthony DeLorenzo, alongside Andrew Morris and Jeremy Woods who represented the seller in this deal. According to Foley, first vice president at CBRE, there is strong interest from high-net-worth investors in the Indianapolis and Midwest markets which makes their team uniquely positioned to source capital.
Situated on a spacious 21.83-acre lot within Park 130 at Whitestown development project, the building boasts impressive features such as a clear height of 32 feet, insulated dock doors (42), drive-in doors (2), making it ideal for industrial use. It is currently triple net leased to Maxxis Tires – one of the world’s leading manufacturers of top-quality tires – since its completion in 2019.
Conveniently accessible via South Indianapolis Road with easy access to Interstate-65 highway network nearby; this Class A building offers prime location advantages for businesses looking for efficient transportation routes.
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The article titled “CBRE Facilitates Successful Sale Of High-Tech Industrial Property In Indiana” originally appeared on Connect CRE .
