Thursday, September 12, 2019

Refrigerated Warehouse Building Sale Transaction in Indiana.




A 140,000 square-foot refrigerated warehouse building situated on a 10 acre parcel of ground was sold on May 16, 2019. The refrigerated building was originally constructed in 1976 and expanded in 1993. The refrigerated warehouse has 90,000 square-foot of refrigerated warehouse space that is 47,000 square-foot of freezer warehouse space, and 43,000 square-foot of cooler warehouse space. There was 34,000 square-foot of food grade and temperature controlled warehouse space in this food distribution facility. The warehouse space is completely pallet racked with a total of 10,862 pallet slot positions. The facility has 19 truck dock doors and 27 to 29 foot ceiling heights. The building has an ammonia refrigeration mechanical system. The refrigerated food facility has active Norfork Southern rail service with 2 rail doors.
The refrigerated building was located in Northeast Indiana. The address of the cold storage warehouse is 7235 Vicksburg Pike, Ft. Wayne, Indiana 46804. The seller was Vicksburg Pike LLC. The purchaser was the Mandich Group LLC. The Sale Price was $6,000,000 or $43.04 per square foot.
Hawk Distribution Services,LLC represented the seller. The purchaser represented themselves.
Hawk Distribution Services LLC is a refrigerated building real estate broker from St. Louis, Missouri. www.hawkds.com
Contact Jim Cronin, Managing Broker at 314-994-0577 or e-mail J.Cronin@hawkds.com