CBRE has arranged the sale of Building 4 within the Mount Comfort Logistics Center, a 318-acre, master-planned Class-A logistics park in Greenfield, Indiana, to a private California 1031 buyer for $13.4 million.
Kevin Foley with CBRE Investment Properties and Jared Scaringe represented the seller Ambrose Property Group, in the transaction. The buyer was represented by Gary Stache, Chris Martin and Bill Maher, also with CBRE Investment Properties.
Located at 4308 W. 300 N in Mount Comfort Logistics Center, Building 4 is a 120,336 sq. ft. build-to-suit warehouse for U.S. AutoForce, a wholesale automotive tires, parts, and lubricants distributor. Situated on 18.9 acres, the warehouse delivered in 2021 and features 30’ clear height, 22 dock doors, two drive-in doors and ample car and trailer parking.
Mount Comfort Logistics Center offers direct access to Interstate 70, providing connectivity to Interstate 465 Beltway and all major interstates throughout Indianapolis. It is estimated that over 797,000 people live within a 15-mile radius of the park.
The park is in the East submarket of Indianapolis, which recorded over 2.27 million square feet of net absorptions in the second quarter of 2023, accounting for over one-third of the market’s total net absorption.
