Marcus & Millichap Sells Office Property In Indianapolis For $5.6M
SOLD
$5,600,000
Indiana
See Similar DealsOffice79,246 SF
Sold 07/29/2020
SOLD
Marcus & Millichap Sells Office Property In Indianapolis For $5.6M
6401 South East Street, Indianapolis, IN, USA
See Similar DealsOffice79,246 SF
Sold 07/29/2020
Summary
INDIANA
Asset Type:Office
Price Per Square Foot:$70
Total Square Footage:79,246 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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