Triumph in Washington: Hoosier Ready-Mix Acquires Flagship Terminal in Swift All-Cash Deal!

CLIENT PROFILE:

Hoosier Ready Mix is a local, reliable source for high quality ready mix products in Daviess County, Indiana and the surrounding areas. They manufacture and supply ready mix concrete with their renowned personalized, reliable and professional service. Specializing in residential, commercial and industrial services.

 

CHALLENGE:

Securing the Washington Truck Terminal involved navigating a complex set of requirements, such as a quick all-cash close and ensuring satisfaction among all parties in the transaction. Additionally, the property had to meet the needs of Hoosier Ready-Mix as their new flagship location, emphasizing the importance of location, size, and price alignment.

ACTION:

JDM Partners leveraged its expertise to swiftly list the property on January 4th, 2024. Rigorous cold call campaigns identified potential buyers. Negotiations were expedited to ensure a quick yet comprehensive process, leading to a contract shortly after listing. The sale closed on February 14th, 2024, meeting the tight timeline.

RESULTS:

  • Sale transaction successfully completed within a rapid timeframe from January 4th, 2024, to February 14th, 2024.
  • The property, strategically located off the 150 Bypass from I-65, boasted 56,128 square feet on 17.5 acres of PUD-zoned land, featuring 16 overhead doors and a durable concrete warehouse.
  • Hoosier Ready-Mix, the buyer, found an ideal flagship location for their heavy industrial operations, aligning with their expansion plans.
  • The deal presented unique challenges, given its all-cash, quick-close nature, but effective negotiations ensured satisfaction for all parties involved.
  • The successful sale not only met the buyer’s requirements but also brought closure to an existing installment contract with the original owner.
  • Cold call campaigns played a pivotal role in identifying prospects and driving the swift transaction.