Marcus & Millichap Brokers Sell Indianapolis Office For $8.6M
6612 East 75th Street, Indianapolis, IN, USA
$8,600,000
$99/SF
Building Size
86,657 SF
Asset Type
Office
Closing
May 2, 2021
AI
A sale transaction took place in Indianapolis on 05/03/2021 involving an office property located at 6612 East 75th Street. The property spans a total area of 86,657 square feet. The transaction was facilitated by Alexander Nulf, Joseph DiSalvo, and John Godwin from Marcus & Millichap. The sale price for the property was $8,600,000, resulting in a price per square foot of $99.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,600,000
- Address: 6612 East 75th Street, Indianapolis
- Market: Indianapolis
- Brokers: Alexander Nulf, Joseph DiSalvo, and John Godwin - Marcus & Millichap
- Square Footage: 86,657
- Price per Square Foot: $99
The deal was led by Alexander Nulf, Joseph DiSalvo, and John Godwin from Marcus & Millichap. They played a crucial role in connecting the buyer and seller, ensuring the successful completion of the transaction. Their expertise and professionalism contributed to the smooth negotiation and sale of the office property.
Players
Indianapolis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93