Swift All-Cash Acquisition of Arlington Industrial Facility by Indy Coatings Marks Strategic Expansion Success

CHALLENGE:

The Arlington Industrial Facility, located at 2899 Arthington Blvd, Indianapolis, IN 46218, once housed Shelby Coatings, a well-regarded Steel Coating Company. The site spans over 5 acres of heavy industrial land and includes roughly 35,000 square feet of manufacturing space equipped with two 5-ton cranes, presenting a significant opportunity for industrial expansion.

ACTION:

Although we did not represent the parties in the transaction, our client, an investor with an eye for strategic growth, recognized the value in acquiring the Arlington Industrial Facility. The buyer, Indy Coatings, aimed to expand their steel coating operations and utilize the ample outdoor storage. They navigated the complexities of environmental contamination to proceed with an all-cash purchase, working under a strict year-end deadline to finalize the acquisition.

RESULTS:

  • Sales transaction completed within 60 days from contract to closing in an all-cash deal.
  • Managed an all-cash deal for the building and business assets.
  • Secured a long-term lease with EquipmentShare, enhancing property value and ensuring long-term profitability.