B+E brokers sale of Indianapolis Industrial Facility for $4 million

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.

For more information, contact Spencer Henderson at shenderson@benetlease.com, or go to www.benetlease.com