Hannum Family's Private Partnership Sells Monon & Main Mixed-Use Property For $12.25M
211 West Main Street
$12,250,000
$353/SF
Building Size
34,650 SF
Asset Type
Mixed-use
Closing
Jun 15, 2026
About this deal
AI
Monon & Main, a mixed-use office and retail property located at 211 West Main Street in Carmel, Indiana, has been sold for a transaction amount of $12,250,000. The asset spans 34,650 square feet, with a price per square foot of $354.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,250,000
- Address: 211 West Main Street
- Market: Carmel, IN
- Square Footage: 34,650
- Price Per Square Foot: $354
- Broker: Rebecca Wells - Cushman & Wakefield
The transaction was facilitated by Cushman & Wakefield on behalf of a private partnership led by the Hannum family. The property was fully leased at the time of sale, and this deal set a new record for office sales pricing in Indiana according to research by Cushman & Wakefield.
Carmel 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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93