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101 Main St, Lafayette, Ind...

Summit Equity Investments Acquires Mixed-Use Property In Lafayette, IN For $34.05M
SOLDMixed-use

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

Sean Lyons

Triad Real Estate Partners

Broker

$74.8M

vol

4 deals

Broker

Lafayette Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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