Urban Growth Capital Sells Indianapolis Office Building For $5.365M
6855 Shore Terrace Indianapolis, IN 46254, USA
$5,365,000
$124/SF
Building Size
43,000 SF
Asset Type
Office
Closing
Jul 12, 2023
AI
The office property located at 6855 Shore Terrace in Indianapolis has been sold for a price of $5,365,000. The property spans a total area of 43,000 square feet, resulting in a price per square foot of $125.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,365,000
- Square Footage: 43,000
- Price per Square Foot: $125
- Address: 6855 Shore Terrace, Indianapolis
- Seller: Urban Growth Capital - Nick Carmen
The sale of the property was facilitated by Nick Carmen, representing Urban Growth Capital. This transaction marks a significant deal in the Indianapolis market, providing opportunities for both the buyer and the seller to maximize their potential.
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
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93