Summit Equity Investments Acquires Mixed-Use Property In Lafayette, IN For $34.05M
SOLD
$34,050,000
Indiana
See Similar DealsMixed-use110,075 SF
Sold 10/27/2021
SOLD
Summit Equity Investments Acquires Mixed-Use Property In Lafayette, IN For $34.05M
101 Main St, Lafayette, Indiana, USA
See Similar DealsMixed-use110,075 SF
Sold 10/27/2021
Summary
INDIANA
Asset Type:Mixed-use
Price Per Square Foot:$309
Total Square Footage:110,075 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,816,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,972.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,414.37
Annual Debt Service$1,936,972.46
Is there something missing? Send suggestions