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6612 East 75th Street, Indi...

Marcus & Millichap Brokers Sell Indianapolis Office For $8.6M
SOLDOffice

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

Alexander Nulf

Marcus & Millichap

Broker

$20.1M

vol

2 deals

Broker

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