Marcus & Millichap Sells Office Property In Indianapolis For $5.6M
6401 South East Street, Indianapolis, IN, USA
$5,600,000
$70/SF
Building Size
79,246 SF
Asset Type
Office
Closing
Jul 29, 2020
AI
The office property located at 6401, 6313, 6423, and 6447 S East St in Indianapolis has been sold for a price of $5,600,000. The transaction took place on July 29, 2021. The property spans a total of 79,246 square feet, resulting in a price per square foot of $71.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,600,000
- Address: 6401, 6313, 6423, and 6447 S East St
- Market: Indianapolis
- Square Footage: 79,246
- Price per Square Foot: $71
The sale was facilitated by Forest Bender and Joseph DiSalvo from Marcus & Millichap. They acted as the brokers in this transaction.
Players
Indianapolis Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93