January 2025 Sale

4310 Stout Field

Indianapolis, IN

BACKGROUND

  • The Project comprised of a distribution warehouse totaling 263,230 SF on 13.49 acres.

  • In 2019, TOG bought 4310 Stout Field for $8.65mm from an owner-user.

  • TOG structured a sale leaseback with a 7-year lease term achieving 10% cash-on-cash during the hold period in additional to significant appreciation of the Project.

  • TOG invested in capital improvements consisting of a partial roof replacement, MEP upgrades, new dock door equipment, and parking lot improvements.

  • TOG sold the Project to a private equity firm for $15.75mm.

  • IRR 24%

  • Equity Multiple 2.9x

  • Hold 5.4 Years