EXECUTIVE SUMMARY
Cushman & Wakefield’s National Industrial Advisory Group has been retained by Ownership as its exclusive advisor in the sale of 5608 E 500 S, a newly developed, modern logistics facility located in Whitestown, Indiana (the “Property”).
The building is commonly known as Building 8 and is located within 65 Commerce Park, a multi-phase industrial development in Whitestown focusing primarily on logistics and distribution users. Located in the Northwest submarket of Indianapolis, the Property benefits from direct access to I-65, which provides easy and quick transport to the Indianapolis International Airport as well as major cities throughout the Midwest.
Totaling 565,560 square feet, the facility is 100% leased to a single tenant – Style Link Logistics, LLC – with a SHEIN Distribution Company guarantor, the company commenced on a 10-year lease in March 2023.
Investors are provided with the opportunity to acquire a new, state-of-the art facility fully leased for 10 years and located in a brand-new industrial park on the Northwest side of Indianapolis. The location boasts a well-developed infrastructure with nearby amenities, modern transportation networks, and direct access to a skilled workforce.
INVESTMENT HIGHLIGHTS
- Long-Term Lease & Best-in-Class Asset
- 100% Leased to Largest Fast Fashion Retailer in the U.S.
- Discount to Replacement Cost
- Indianapolis' Leading Industrial Submarket
OFFERING AT A GLANCE
| Size: | 565,560 SF |
| Building(s): | 1 |
| Tenant(s) | 1 |
| Leased: | 100% |
| WALT: |
9.8 Years |
| Clear Height: | 36' |
| Year Built: | 2023 |
| Year 1 NOI: | $2.8M |
CONTACTS
|
JIM CARPENTER Vice Chair |
ADAM TYLER Vice Chair +1 312 470 1840 |
|
MIKE TENTERIS Vice Chair |
ELIZABETH GIVEN Senior Director +1 312 470 1822 elizabeth.given@cushwake.com |
|
PAT LINDLEY Vice Chair +1 317 639 0457 |
|
| JEFF ALTENAU Executive Managing Director +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |
CUSHMAN & WAKEFIELD NATIONAL INDUSTRIAL ADVISORY GROUP
CENTRAL
Jim Carpenter
Mike Tenteris
Adam Tyler
Elizabeth Given
MOUNTAIN WEST
Will Strong
Kirk Kuller
Micki Strain
Molly Hunt
WEST
Jeff Chiate
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Mike Adey
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Mike Davis
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Jim Carpenter
Jud Clements
Robby Rieke
Taylor Starnes
Madeleine Supplee
NORTHEAST
Gary Gabriel
Gerry Blinebury
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Graham Savage
SOUTHEAST
Stewart Calhoun
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DEBT TEAM
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