600 & 650 Perry Road – Plainfield, IN

Opportunity:

“Core,” institutional assets acquired at less than replacement costs, and well below institutional sales comparables in the market. The $2.77/SF average of net rents was below market, providing upside potential in income growth as leases rollover, and upon sale.

State-of-the-art facilities with dock-high and drive-in doors and modern cross-dock design for operational efficiency. The 36′ clear height ceilings provide tenants additional vertical racking space to accommodate high inventory and high-volume logistics needs.

Property:  Two Bulk Distribution FacilitiesPerry Road

Size:  1,133,566 SF on 51.52 Acres

Built:  2005 & 2006

Purchased:  June, 2008

Realized:  August, 2013

Ownership:  Westminster Plainfield LLC, owned 100% Fund VII

View a detailed map of this property (MapQuest).

Return to Investment Examples