Government Investment Partners Acquires Three Office And Retail Buildings In Downtown Indianapolis For $14M
2 North Meridian Street, 20 West Washington Street & 24 West Washington Street
$14,000,000
Building Size
—
Asset Type
Office
Closing
Oct 18, 2023
About this deal
AI
Government Investment Partners (GIP) has completed the acquisition of three office and retail buildings near Monument Circle in downtown Indianapolis. The properties, located at 2 North Meridian Street, 20 West Washington Street, and 24 West Washington Street, were sold for a total price of $14,000,000. The transaction took place on October 18, 2023.
Summary of transaction details
- Property Type: Office & Retail
- Transaction Amount: $14,000,000
- Address: 2 North Meridian Street, 20 West Washington Street & 24 West Washington Street
- Market: Indianapolis, IN
The buyer, Government Investment Partners, acquired the properties from Two North Meridian Co and John Goodman. The deal was facilitated by the brokers Alex Cantu, Alex Davenport, and Rachel Patten from Colliers International.
On the Map
$14,000,000
Office
View full map
Players
Roachdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Roachdale office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93