B+E lists Bloomington, Indiana MSA Medical Manufacturing & Research Facility for $64.6 million

    CHICAGO, IL, November 05, 2019 /24-7PressRelease/ -- B+E, the first brokerage and technology platform for net lease real estate, announced the listing of a fully-leased, approximately 258,375 SF Medical Manufacturing & Research Facility in the Bloomington, Indiana MSA for $64,625,000. B+E is teaming up with Indianapolis based Resource Commercial Real Estate on the offering.

The 15-year NNN property sits on +/- 21.53 acres of land with +/- 795 parking spaces and is listed at an initial cap rate of 5.5% with 2% annual rent escalations.

"This facility is a mission critical asset for the tenant, as it is the principal manufacturing facility for divisions responsible for +/- $3B of the tenant's total revenue," said Tim Hain with B+E.

Indiana is home to 1,689 life sciences companies, employs 55,000 people in the industry, and is ranked second in the nation for worldwide exports. Nearby universities such as Butler, Indiana, Purdue, Notre Dame, and the Rose-Hulman Institute of Technology provide a top-notch talent pipeline for medical device companies.

For more information, contact Tim Hain at [email protected] or go to www.benetlease.com.

About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.

Complementing senior talent with exceptional technology, B+E's proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Denver, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.

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