Summit Equity Investments Acquires Mixed-Use Property In Lafayette, IN For $34.05M
101 Main St, Lafayette, Indiana, USA
$34,050,000
$309/SF
Building Size
110,075 SF
Asset Type
Mixed-use
Closing
Oct 27, 2021
AI
A mixed-use property located at 101 Main St in Lafayette, IN has been sold in a recent transaction. The property spans a total area of 110,075 square feet and was sold for a price of $34,050,000, resulting in a price per square foot of $309. The sale was facilitated by Triad Real Estate Partners, LLC, with Sean Lyons and Michael Kulczycki representing the buyer, Summit Equity Investments, and Deylen Realty representing the seller.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $34,050,000
- Address: 101 Main St, Lafayette, IN
- Market: Lafayette, IN
The deal was successfully negotiated by Sean Lyons and Michael Kulczycki of Triad Real Estate Partners, LLC. Their expertise in the market contributed to the smooth transaction, ensuring the satisfaction of both the buyer, Summit Equity Investments, and the seller, Deylen Realty.
Players
Lafayette Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93