Dorman Distribution Center — Sale in Whiteland, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Whiteland, IN 46184
  • Year built: 2021

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Description

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in the Dorman Distribution Center (the “Property” or the “Offering”), a 827,180 SF bulk distribution hub located in Whiteland, IN (Indianapolis MSA). Developed as part of a master planned business park in 2021, the Property features a cross-dock configuration, a fully circulating truck court with 195’ truck court depths and abundant trailer parking with future capacity helping attract one of the nation’s top logistics providers. Following a 12-year commitment signed just after building completion, the asset is 100% leased to NFI Industries, servicing a contract relationship with 100-year-old auto-parts manufacturer, Dorman Products (NASDAQ: DORM). Positioned just off I-65, roughly 25-minutes south of Indianapolis; the Property sits at the “Crossroads of America” with over 60% of the US population within a day’s drive. Strategic interstate access combined with robust Indianapolis fundamentals and a deep blue-collar labor pool has attracted institutional owners and blue-chip industrial occupiers including Amazon, FedEx, DHL, among others. Indianapolis market momentum and the resurgence of “big-box” product position the Offering as a unique opportunity to acquire stabilized, bulk product at an irreplaceable basis with rent upside potential backed by 10-years of fair-market options and in-place rents 40%+ below market today.

Market Context

This industrial in Whiteland, IN is listed for sale. The building dates to 2021. Compare it against other industrial listings for sale in Whiteland, IN — view the full market.

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