Urban Growth Capital Sells Indianapolis Office Building For $5.365M
SOLD
$5,365,000
Indiana
See Similar DealsOffice43,000 SF
Sold 07/12/2023
SOLD
Urban Growth Capital Sells Indianapolis Office Building For $5.365M
6855 Shore Terrace Indianapolis, IN 46254, USA
See Similar DealsOffice43,000 SF
Sold 07/12/2023
Summary
INDIANA
Asset Type:Office
Price Per Square Foot:$124
Total Square Footage:43,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,060.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,432.84
Annual Debt Service$305,194.05
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