GIP Acquires Indianapolis Office Property From MS Land Holdings LLC For $8.2M
4150 North Keystone Avenue, Indianapolis, Indiana 46205, United States
$8,200,000
Building Size
—
Asset Type
Office
Closing
May 12, 2022
About this deal
AI
The office property located at 4150 & 4160 N. Keystone Avenue in Indianapolis, IN was recently sold in a closed transaction. The sale took place on 12/05/2022, with the buyer being GIP and the seller being MS Land Holdings LLC. The transaction amount for this sale was $8,200,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,200,000
GIP, represented by their broker, played a key role in the purchase of the property. On the other hand, MS Land Holdings LLC, represented by their broker, acted as the seller in the deal.
Players
Indianapolis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93