Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1991
Building Area

Property Description

Jones Lang LaSalle (“JLL”), as exclusive representative, is pleased to offer for sale the fee-simple interest in 2513 S. Holt Rd, a 141,785 square foot industrial facility located in Indianapolis, Indiana (the “Asset” or the “Property”) that is 100% leased to Advanced Waste of Indiana, Inc. (the “Tenant” or “Advanced Waste”), with a guaranty from publicly-traded (NYSE: CVA) parent Covanta Holdings (“Covanta” or “The Guarantor”) on a long-term industrial modified gross lease. Located approximately four miles southwest of downtown Indianapolis in an infill location, the environmental solutions Property benefits from unparalleled highway accessibility via I-70, one of the nation’s principal east-west routes, and I-465, the Indianapolis Beltway.

Investment Highlights

  • 7.5 years of term remaining with limited landlord responsibilities.
  • Attractive $0.10/SF rent escalations in Lease Months 49, 85, & 109.
  • The tenant, Advanced Waste Services of Indiana, has invested $1.5M in the facility.
  • Situated less than three miles from the Indianapolis Airport and four miles from the CBD.
  • Unparalleled highway accessibility via I-70 and I-465.
  • Full term guaranty from publicly traded parent, Covanta Holdings (NYSE: CVA).
  • Critical I-3 zoning allowing for light industries such as waste management.
  • Two, 5-Year renewal options at fair market value. 
Last Updated Date: 08 Apr 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621
Last Updated Date: 08 Apr 2021

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