Marcus & Millichap has brokered the sale of a single-tenant net-lease industrial building in Brownsburg, Indiana, for $4.25 million.
“This was an all-cash transaction that closed in under 30 days,” said Sam Curtis, associate investments. “The area continues to see rapid development and investor interest, making it one of the most competitive industrial submarkets in the Indianapolis metro.” Curtis, Joseph DiSalvo and Forest Bender, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller.
Located at 464 Southpoint Circle, the property comprises 64,176 rentable square feet on 5.64 acres. Built in 1975, it is fully occupied by Nucleated Technologies, an owner-user company. Situated in the Indianapolis suburb of Brownsburg, the building benefits from proximity to Interstates 74 and 465 and is positioned within a thriving industrial corridor.
The post Single-Tenant Industrial Property in Indiana Trades Hands appeared first on Connect CRE.
