B+E brokers sale of Indianapolis Industrial Facility for $4 million
Industry: Real Estate
B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the RoadHog Industrial manufacturing property located in Brownsburg, IN for $4,050,000.
Indianapolis, IN (PRUnderground) May 6th, 2021
B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the RoadHog Industrial manufacturing property located at 464 Southpoint Circle, Brownsburg, IN for $4,050,000.
The property is +/- 64,175 square feet and sits on +/- 6.15 acres of land. There are approximately 14 years remaining on the lease with 2% rent escalations every year.
“The buyer was in a 1031 exchange coming out of California,” said Spencer Henderson with B+E. “We continue to see investors gravitate toward industrial assets with long lease terms in the single tenant net lease market. 2021 has been off to a roaring start and will continue to ramp up.”
The property is also RoadHog’s main operations hub, with all manufacturing taking place within the location, making this asset critical to current and future industrial operations. RoadHog has a national presence with products offered in over 180 locations across the U.S. and Canada.
The property is surrounded by a notable industrial tenant mix and in close proximity to I-74. Industrial assets have proven to be a very strong and reliable investment vehicle due to multiple factors including e-commerce growth, global trade demand, growing consumer demands and a need for retailers to optimize their supply chain.
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York City, Chicago, Atlanta, Tampa, Charlotte, Orange County, San Francisco, and Dallas, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.